|Bid||10.63 x 3100|
|Ask||0.00 x 1800|
|Day's range||10.61 - 11.09|
|52-week range||3.59 - 23.20|
|Beta (5Y monthly)||2.44|
|PE ratio (TTM)||N/A|
|Earnings date||26 Feb 2021 - 02 Mar 2021|
|Forward dividend & yield||0.04 (0.36%)|
|Ex-dividend date||22 Jan 2021|
|1y target est||13.67|
Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows:
Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per common share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 25, 2021 and distributed on or about February 18, 2021.
Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has received a notice of termination from a subsidiary of Hyatt Hotels Corporation, or Hyatt, with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC. Hyatt’s obligations under the management agreement, which requires minimum returns of $22.0 million annually, is supported by a $50.0 million limited guaranty. While Hyatt is current on its payments to SVC at this time, it recently exhausted this $50.0 million guaranty and under the terms of the management agreement, Hyatt may terminate the agreement upon 90 days’ notice once the guaranty has been fully utilized. The effective date of the termination pursuant to Hyatt’s notice is April 8, 2021.