Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 11, 2024
Subject: Declaration of dividends for various series of cumulative and redeemable preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It exclusively details dividend declarations and outstanding share counts as of June 30, 2024.
| Stock Series | Dividend Rate/Amount | Payment Frequency | Record Date(s) | Payment Date(s) |
|---|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | Quarterly | Sept 30, 2024 | Oct 15, 2024 |
| Series F (7.375%) | $0.4609 per share | Quarterly | Sept 30, 2024 | Oct 15, 2024 |
| Series G (7.375%) | $0.4609 per share | Quarterly | Sept 30, 2024 | Oct 15, 2024 |
| Series H (7.50%) | $0.46875 per share | Quarterly | Sept 30, 2024 | Oct 15, 2024 |
| Series I (7.50%) | $0.46875 per share | Quarterly | Sept 30, 2024 | Oct 15, 2024 |
| Series J (Redeemable) | $0.16667 per share | Monthly | July 31, Aug 30, Sept 30, 2024 | Aug 15, Sept 16, Oct 15, 2024 |
| Series K (Specific CUSIPs) | $0.17292 per share | Monthly | July 31, Aug 30, Sept 30, 2024 | Aug 15, Sept 16, Oct 15, 2024 |
| Series K (Remaining CUSIPs) | $0.17083 per share | Monthly | July 31, Aug 30, Sept 30, 2024 | Aug 15, Sept 16, Oct 15, 2024 |
Outstanding Shares (as of June 30, 2024):
- Series J: 5,206,397 shares
- Series K: 357,933 shares
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating performance versus prior periods. The primary event is the Board's declaration of dividends for the third quarter of 2024 and subsequent monthly payments.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has declared dividends for multiple preferred stock series. The filing references a press release (Exhibit 99.1) for further details but does not include forward-looking guidance, risk factors, or contingency discussions within the text of this 8-K.
Investor Verification Checklist
- Verify the record dates for Series J and Series K preferred stock to ensure eligibility for the August, September, and October 2024 payments.
- Confirm the specific CUSIPs held to determine the applicable dividend rate for Series K stock ($0.17292 vs. $0.17083).
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the dividend declaration.
- Note that the filing explicitly states the information is not deemed "filed" for purposes of Section 18 of the Exchange Act.