22 Sep 2005 02:19 pm
Winston Hotels Announces Dividends for Third Quarter
RALEIGH, N.C.–(BUSINESS WIRE)–Sept. 21, 2005–Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) and owner of premium limited-service, upscale extended-stay and full-service hotels, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend distributions on its common and preferred shares. The Board declared a cash dividend of $0.15 per common share for the third quarter of 2005. The cash dividend is payable on October 14, 2005, to common shareholders of record on September 30, 2005. Based on today’s closing price of $10.31 per common share, the annualized dividend yield is 5.8%.