Service Properties Trust (SVC) to Issue Quarterly Dividend of $0.01 on February 19th

Service Properties Trust (NASDAQ:SVC) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, January 26th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, January 26th.

Service Properties Trust has decreased its dividend payment by an average of 0.2%annually over the last three years. Service Properties Trust has a dividend payout ratio of -3.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Service Properties Trust to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.5%.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $2.04 on Friday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.17 and a current ratio of 0.17. Service Properties Trust has a one year low of $1.55 and a one year high of $3.08. The company’s 50-day simple moving average is $1.88 and its 200-day simple moving average is $2.31. The stock has a market capitalization of $342.90 million, a price-to-earnings ratio of -1.22 and a beta of 1.47.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.