Apple Hospitality REIT Announces Monthly Distribution And Special Distribution Of $0.05 Per Common Share For 2023
Portfolio Pulse from Benzinga Newsdesk
Apple Hospitality REIT, Inc. (NYSE:APLE) announced a regular monthly cash distribution of $0.08 per common share and a special cash distribution of $0.05 per common share, payable on January 16, 2024, to shareholders of record as of December 29, 2023. The annualized yield based on the current stock price is approximately 5.7%.
December 19, 2023 | 2:08 pm
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Apple Hospitality REIT declared a monthly distribution of $0.08 and a special distribution of $0.05 per share, with an annual yield of 5.7% based on the current stock price.
The announcement of a regular and special cash distribution is likely to be viewed positively by investors, as it signals the company's ability to generate and return cash to shareholders. This could lead to a short-term increase in the stock price, especially given the attractive yield in comparison to the current interest rate environment.
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