The $0.3562 payout on SHO.PR.I reflects a 6.63% forward yield, payable to shareholders of record by September 30.
Sunstone Hotel Investors Inc. announced a $0.3562 per share quarterly dividend for its 5.70% Cumulative Preferred Series I (SHO.PR.I). The payout equates to a 6.63% forward yield based on current pricing.
The dividend is payable on October 15 to shareholders of record as of September 30, with the ex-dividend date also set for September 30. The company’s prior quarterly dividend for the series matched the current payout level.
No immediate market reaction was disclosed following the announcement.