La Quinta Declares Dividend on 9% Preferred Stock
02 9월 2005 - 3:31AM
PR Newswire (US)
DALLAS, Sept. 1 /PRNewswire-FirstCall/ -- La Quinta Properties,
Inc. announced today that the Board of Directors declared a
dividend of $0.5625 per depositary share on its 9% Series A
Cumulative Redeemable Preferred Stock for the period from July 1,
2005 to September 30, 2005. Shareholders of record on September 15,
2005 will be paid the dividend of $0.5625 per depositary share of
Preferred Stock on September 30, 2005. Dividends on the Series A
Preferred Stock are cumulative from the date of original issuance
and are payable quarterly in arrears on March 31, June 30,
September 30 and December 31 of each year (or, if not a business
day, on the next succeeding business day) at the rate of 9% of the
liquidation preference per annum (equivalent to an annual rate of
$2.25 per depositary share). About La Quinta Corporation La Quinta
Corporation (NYSE:LQI) and its controlled subsidiary, La Quinta
Properties, Inc., is one of the largest owner/operators of
limited-service hotels in the United States. Based in Dallas,
Texas, the Company owns, operates or franchises more than 590
hotels in 39 states under the La Quinta Inns, La Quinta Inn &
Suites(R), Baymont Inn & Suites(R), Woodfield Suites(R) and
Budgetel(R) brands. For more information about La Quinta
Corporation, its brands or franchising programs, please visit
http://www.lq.com/ . DATASOURCE: La Quinta Corporation CONTACT: Tom
Ward, Investor Relations of La Quinta Corporation, +1-214-492-6689,
or Web site: http://www.lq.com/
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