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Hotel Industry News |
Monday December 1st, 2008 |
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Host Hotels & Resorts Announces Quarterly Dividends On Common and Preferred Stock |
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Host Hotels & Resorts, Inc. (NYSE:HST) today announced that its Board of Directors authorized a regular quarterly cash dividend of $0.20 per share on the Company's common stock. |
The dividend is payable on October 15, 2008 to stockholders of record on September 30, 2008. As previously announced, the Company intends to pay this regular quarterly common dividend of $0.20 per share going forward, and, in addition, to declare a special dividend during the fourth quarter, the amount of which is expected to vary depending on the Company's estimated taxable income.
The Company also declared a cash dividend of $0.5546875 per share on its Class E cumulative redeemable preferred stock for the third quarter of 2008. The preferred dividend is payable on October 15, 2008 to stockholders of record on September 30, 2008.
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