Host Hostels & Resorts (HST) will raise its quarterly dividend by 7.1 percent to $0.13 per share in the fourth quarter of 2013. It's the 12th consecutive quarterly dividend increase for the Real Estate Investment Trust and follows a 1 cent dividend hike in the previous quarter.

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The company owns properties in the United States and internationally. Also Host holds non-controlling interests in domestic and international joint ventures. The company partners with premium brands such as Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis and Novotel, as well as independent brands. The company's most important city's based on net income are San Diego, San Francisco/San Jose, New York, Maui/Oahu (Hawaii), Washington, D.C., Boston and the Florida Gulf Coast. Host Hotels & Resorts restarted a quarterly dividend in 1999.