Hersha Hospitality Trust (HT) will increase its quarterly dividend by 20.0 percent to $0.06 per share in 2011. This is the first dividend hike by the REIT since the dividend was cut by 72.2 percent in 2009.
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets. The company's hotels are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. Hersha Hospitality Trust had paid a dividend every year since 1999.