Service Properties Trust (NASDAQ:SVC) Plans Quarterly Dividend of $0.05

Service Properties Trust (NASDAQ:SVC) announced a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $0.05 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, October 19th.

Service Properties Trust has decreased its dividend by an average of 0.4%per year over the last three years. Service Properties Trust has a payout ratio of -17.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Service Properties Trust to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.6%.

Service Properties Trust Stock Down 2.5%

NASDAQ SVC traded down $0.16 on Thursday, hitting $6.22. 1,649,623 shares of the stock traded hands, compared to its average volume of 1,539,849. The stock has a 50-day moving average of $7.37 and a 200 day moving average of $7.84. Service Properties Trust has a twelve month low of $5.65 and a twelve month high of $12.50. The company has a market capitalization of $805.55 million, a P/E ratio of -0.81 and a beta of 1.72. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11.

About Service Properties Trust

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.

Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.