{"id":789916,"date":"2023-10-12T09:29:40","date_gmt":"2023-10-12T13:29:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/service-properties-trust-announces-quarterly-dividend-on-common-shares-11\/"},"modified":"2023-10-12T09:29:40","modified_gmt":"2023-10-12T13:29:40","slug":"service-properties-trust-announces-quarterly-dividend-on-common-shares-11","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/service-properties-trust-announces-quarterly-dividend-on-common-shares-11\/","title":{"rendered":"Service Properties Trust Announces Quarterly Dividend on Common Shares"},"content":{"rendered":"

<\/p>\n

Service Properties Trust Announces Quarterly Dividend on Common Shares<\/b><\/p>\n

NEWTON, Mass.–(BUSINESS WIRE<\/a>)–Service Properties Trust (Nasdaq: SVC)<\/a> today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023.<\/p>\n

About Service Properties Trust<\/b><\/p>\n

\nService Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of June 30, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of June 30, 2023, SVC also owned 763 retail service-focused net lease properties totaling approximately 13.5 million square feet throughout the United States. SVC is managed by The RMR Group (Nasdaq: RMR)<\/a>, a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of June 30, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA. For more information, visit www.svcreit.com<\/a>.<\/p>\n

WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based upon SVC\u2019s present intent, beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond SVC\u2019s control.<\/p>\n

\nFor example, this press release states that SVC\u2019s regular quarterly cash distribution rate is $0.20 per share per quarter or $0.80 per share per year. A possible implication of this statement is that SVC will continue to pay quarterly distributions of $0.20 per share per quarter or $0.80 per share per year in the future. SVC\u2019s distribution rate may be set and reset from time to time by SVC\u2019s Board of Trustees. SVC\u2019s Board of Trustees considers many factors when setting or resetting SVC\u2019s distribution rate, including SVC\u2019s funds from operations and normalized funds from operations, requirements to maintain SVC\u2019s qualification for taxation as a REIT, limitations in SVC\u2019s debt agreements, the availability to SVC of debt and equity capital, SVC\u2019s dividend yield and its dividend yield compared to the dividend yields of other REITs, SVC\u2019s expectation of its future capital requirements and operating performance and SVC\u2019s expected needs for and availability of cash to pay its obligations. Accordingly, future distributions to SVC\u2019s shareholders may be increased or decreased and SVC cannot be sure as to the rate at which future distributions will be paid.<\/p>\n

\nYou should not place undue reliance upon forward-looking statements.<\/p>\n

\nExcept as required by law, SVC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.<\/p>\n

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
\n
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.<\/sup><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20231011978013\/en\/<\/a><\/span><\/p>\n

\nStephen Colbert, Director, Investor Relations
\n
(617) 796-8232<\/p>\n

KEYWORDS:<\/b> Massachusetts United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Service Properties Trust Announces Quarterly Dividend on Common Shares NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023. About Service Properties Trust Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of June 30, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto … <\/p>\n

Continue reading “Service Properties Trust Announces Quarterly Dividend on Common Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-789916","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nService Properties Trust Announces Quarterly Dividend on Common Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/service-properties-trust-announces-quarterly-dividend-on-common-shares-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service Properties Trust Announces Quarterly Dividend on Common Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Service Properties Trust Announces Quarterly Dividend on Common Shares NEWTON, Mass.–(BUSINESS WIRE)–Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC\u2019s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023. About Service Properties Trust Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. 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