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On 6/28/24, RLJ Lodging Trust's $1.95 Series A Cumulative Convertible Preferred Shares (Symbol: RLJ.PRA) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 7/31/24. As a percentage of RLJ.PRA's recent share price of $25.08, this dividend works out to approximately 1.94%, so look for shares of RLJ.PRA to trade 1.94% lower — all else being equal — when RLJ.PRA shares open for trading on 6/28/24. On an annualized basis, the current yield is approximately 7.79%, which compares to an average yield of 7.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of RLJ.PRA shares, versus RLJ:

Below is a dividend history chart for RLJ.PRA, showing historical dividends prior to the most recent $0.4875 on RLJ Lodging Trust's $1.95 Series A Cumulative Convertible Preferred Shares:

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In Wednesday trading, RLJ Lodging Trust's $1.95 Series A Cumulative Convertible Preferred Shares (Symbol: RLJ.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: RLJ) are off about 0.7%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.