InnSuites Hospitality Trust Announced a Semi-Annual Dividend of $0.01/Share After Clocking December Revenue of $0.52M
Portfolio Pulse from Benzinga Newsdesk
InnSuites Hospitality Trust (NYSE:IHT) declared a semi-annual dividend of $0.01 per share, continuing a 54-year streak of annual dividends. The dividend is payable on February 5, 2024, to shareholders on record as of January 22, 2024. Additionally, IHT reported its highest ever December hotel revenue of $524,219 and mentioned progress in its UniGen clean energy investment.
January 08, 2024 | 11:31 am
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InnSuites Hospitality Trust (IHT) announced a semi-annual dividend and reported record December revenue, indicating financial stability and potential growth.
The announcement of a consistent dividend payout can be seen as a sign of financial health and stability, which may attract income-focused investors. The record December revenue suggests operational growth, which could positively influence investor sentiment and the stock price in the short term.
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