Condor Hospitality Trust Inc (CDOR) to Issue Quarterly Dividend of $0.20 on January 3rd

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Condor Hospitality Trust Inc (NYSEAMERICAN:CDOR) announced a quarterly dividend on Friday, December 14th, Wall Street Journal reports. Investors of record on Wednesday, December 26th will be paid a dividend of 0.195 per share by the financial services provider on Thursday, January 3rd. This represents a $0.78 annualized dividend and a yield of 8.91%. The ex-dividend date is Monday, December 24th.

Condor Hospitality Trust has a dividend payout ratio of 71.6% indicating that its dividend is sufficiently covered by earnings.

Shares of NYSEAMERICAN:CDOR opened at $8.75 on Wednesday. Condor Hospitality Trust has a 12 month low of $7.56 and a 12 month high of $11.32.

A number of research analysts have commented on the stock. Zacks Investment Research lowered shares of Condor Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Robert W. Baird set a $10.00 price objective on shares of Condor Hospitality Trust and gave the company a “hold” rating in a research note on Monday.

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Condor Hospitality Trust Company Profile

Condor Hospitality Trust, Inc (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs.

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Dividend History for Condor Hospitality Trust (NYSEAMERICAN:CDOR)

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