Hospitality Properties Trust (HPT) will raise its quarterly dividend by 1.9 percent to $0.53 per share in the second quarter of 2018. This follows a 2.0 percent dividend hike by the REIT last year.

This distribution will be paid to HPT’s common shareholders of record as of the close of business on April 30, 2018 and distributed on or about May 17, 2018. Since August 2012, HPT’s common dividend has increased annually for seven consecutive years for a total increase of 17.8%.

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a portfolio of hotels and travel centers located in the United States, Puerto Rico and Canada.  HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc. (RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.