Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 15, 2016
Reporting Period: Third Quarter ending September 30, 2016
This filing serves as a Regulation FD disclosure regarding the declaration of dividends by the Board of Directors for the third quarter of 2016.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.12 per diluted share.
- 8.55% Series A Cumulative Preferred Stock: $0.5344 per diluted share.
- 8.45% Series D Cumulative Preferred Stock: $0.5281 per diluted share.
- 7.375% Series F Cumulative Preferred Stock: $0.3995 per diluted share (pro-rated for days outstanding).
Material Changes
The filing does not contain comparative financial data or analysis of material changes versus prior periods. It solely announces the specific dividend amounts declared for the current quarter.
Guidance, Outlook, and Management Commentary
Dividend Payment Details:
- Record Date: September 30, 2016.
- Payment Date: October 17, 2016.
Unusual Items: The dividend for the Series F Cumulative Preferred Stock is noted as pro-rated based on the number of days the stock was outstanding during the quarter.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Investor Verification Checklist
- Verify the exact number of diluted shares outstanding to calculate total dividend payout obligations.
- Confirm the pro-rata calculation methodology for the Series F Preferred Stock dividend.
- Review the attached press release (Exhibit 99.1) for any additional context on capital allocation strategy.
- Check subsequent filings for confirmation of the actual payment date and any changes to the record date.