Ashford Hospitality Declares Dividend Of$0.12/shr;board Oks 2014 Dividend Policy

(RTTNews) - Ashford Hospitality Trust Inc. (AHT) announced Monday that its board declared a quarterly cash dividend of $0.12 per share for the Company's common stock for the fourth quarter ending December 31, 2013. The dividend, which equates to an annual rate of $0.48 per share, is payable on January 15, 2014, to shareholders of record as of December 31, 2013.

The company said its board also approved the company's dividend policy for 2014. The Company expects to pay a quarterly cash dividend of $0.12 per share for 2014, or $0.48 per share on an annualized basis. The company believes this dividend policy is appropriate given the recent spin-off of Ashford Hospitality Prime, and its recent dividend announcement.

The company stated that its board will continue to review its dividend policy on a quarter-to-quarter basis. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof.