Chesapeake Lodging Trust (NYSE:CHSP) (the ?Trust?) announced today that its board of trustees has declared a dividend payment of $.22 per common share. The dividend will be paid on October 15, 2012 to shareholders of record at the close of business on September 28, 2012. The dividend represents a 5% annualized yield based on the closing price of the Trust?s common shares on August 13, 2012.
The Trust also announced that its board of trustees has declared a dividend payment of $.4736 per share of the Trust?s 7.75% Series A Cumulative Redeemable Preferred Shares. The dividend will be paid on October 15, 2012 to shareholders of record at the close of business on September 28, 2012.