Service Properties Trust (NASDAQ:SVC – Get Free Report) announced a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be given a dividend of $0.05 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, October 19th.
Service Properties Trust has decreased its dividend payment by an average of 0.4% per year over the last three years. Service Properties Trust has a dividend payout ratio of -17.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Service Properties Trust to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.0%.
Service Properties Trust Trading Down 0.6%
NASDAQ:SVC traded down $0.04 on Friday, reaching $6.15. 1,537,287 shares of the stock traded hands, compared to its average volume of 2,688,698. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. Service Properties Trust has a 1-year low of $5.65 and a 1-year high of $12.15. The company’s 50 day moving average is $7.11 and its 200-day moving average is $7.72. The firm has a market capitalization of $796.49 million, a price-to-earnings ratio of -0.80 and a beta of 1.72.
Service Properties Trust Company Profile
Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.
Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.
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