Hospitality Properties Trust (HPT) will raise its quarterly dividend by 1.9 percent to $0.54 per share in the second quarter of 2019. This follows a similar 1.9 percent dividend hike by the REIT last year.

The next dividend will be paid to shareholders of record as of the close of business on April 29, 2019 and distributed on or about May 16, 2019. Since August 2012, HPT’s common dividend has increased annually for eight consecutive years.

A new annualized rate of $2.16 per share yields 8.4% at a stock price of $25.79.

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.