Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 11, 2023
Reporting Period: The filing announces dividend declarations for the first quarter ending March 31, 2023, and monthly payments for Series J and K preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend declarations and share counts.
- Series D Preferred Stock: Quarterly dividend of $0.5281 per share.
- Series F Preferred Stock: Quarterly dividend of $0.4609 per share.
- Series G Preferred Stock: Quarterly dividend of $0.4609 per share.
- Series H Preferred Stock: Quarterly dividend of $0.46875 per share.
- Series I Preferred Stock: Quarterly dividend of $0.46875 per share.
- Series J Preferred Stock: Quarterly rate of $0.50 per share (paid monthly in installments of $0.1666).
- Series K Preferred Stock: Quarterly rate of $0.5125 per share (paid monthly in installments of $0.1708).
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 declaration of dividends for the upcoming quarter.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors declared dividends for multiple series of preferred stock. No forward-looking guidance on revenue or earnings is provided in this text.
Risks and Contingencies: The filing does not disclose specific risks or contingencies beyond the standard regulatory language regarding the non-filing status of the press release for Section 18 purposes.
Important Facts for Investors to Verify
- Record Dates: Verify ownership status by March 31, 2023, for Series D, F, G, H, and I dividends, and by January 31, February 28, and March 31, 2023, for Series J and K monthly payments.
- Payment Dates: Confirm payment dates of April 17, 2023, for quarterly dividends and February 15, March 15, and April 17, 2023, for monthly preferred dividends.
- Outstanding Shares: As of December 31, 2022, there were 87,115 shares of Series J and 1,800 shares of Series K outstanding.
- Dividend Rates: Confirm the specific per-share rates for each preferred stock series to calculate total distribution obligations.