Extended Stay America (STAY) will raise its quarterly dividend by 13.3 percent to $0.17 per share in May 2015. The company initiated a dividend in 2014 and this marks the second dividend hike since.
Extended Stay America, Inc. is an integrated owner/operator of Company-branded hotels in North America. The Company operates in hotel operations segment. The Company's business operates in the extended stay sector of the lodging industry.