La Quinta Declares Dividend on 9% Preferred Stock
02 12월 2005 - 3:00AM
PR Newswire (US)
DALLAS, Dec. 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 October 1, 2005 to
December 31, 2005. Shareholders of record on December 15, 2005 will
be paid the dividend of $0.5625 per depositary share of Preferred
Stock on January 2, 2006. 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 600
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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