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Condor hotel REIT to pay dividend on common, preferred stock

Condor hotel REIT to pay dividend on common, preferred stock

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(Erwin Wodicka / Depositphotos.com)
(Erwin Wodicka / Depositphotos.com)

Condor Hospitality Trust Inc., a hotel-focused real estate investment trust headquartered in Bethesda, announced it would pay a second-quarter dividend of 19.5 cents per common share.

The dividend, payable July 1 to shareholders of record as of June 24, represents an annualized yield of about 8.1 percent based on the closing price of the company’s shares on June 7, the company said in a news release. The quarterly dividend is unchanged since the first quarter of 2017.

Also, the company will pay on July 1 a quarterly dividend of 15.625 cents per share on the company’s 6.25% Series E cumulative convertible preferred shares.