Hersha Hospitality, Fulton Financial announce stock dividends
Two companies with midstate interests announced stock dividends this week.
Hersha Hospitality Trust, which has offices in Harrisburg and Philadelphia, announced a 50-cent dividend for its Series B preferred share stock and a 42.97-cent dividend for its Series C preferred shares for the third quarter that ends Sept. 30. The company also announced quarterly cash dividends of 6 cents per common share.
All share dividends are payable Oct. 15 to shareholders of record as of Oct. 1.
Hersha is a real estate development trust that owns 64 hotels primarily in the Northeast Corridor. Earlier this week, the company announced it had sold a 127-room Holiday Inn Express in Maryland.
• • •
Officials from Lancaster-based Fulton Financial Corp. announced it would pay a quarterly cash dividend to its shareholders in October.
The company announced it would pay the dividend of 8 cents per share on its common stock on Oct. 15 to its shareholders of record as of Oct. 1.
Fulton said in July it had amassed diluted earnings of 21 cents per share during the second quarter of 2013 and also had diluted earnings of 20 cents per share in the first quarter. Through the second quarter of 2013, Fulton has amassed a net income of $79.8 million, a 5.1 increase in comparison to the same period of 2012.
The Lancaster-based corporation manages more than $17 billion in assets with more than 3,800 employees and about 270 branches in Pennsylvania and four other states.