GERMANTOWN, TN- Equity Inns, a hotel REIT, announced that its board of directors has declared regular quarterly cash dividends of $0.25 per common share and $0.59375 per preferred share for this quarter.
The $0.25 common dividend is payable November 1, 2000 and the $0.59375 preferred dividend is payable October 31, 2000, both to shareholders of record on September 30, 2000. Based on the August 7 closing stock price, the annualized dividend yield is approximately 15% per common share and 14% per preferred share. (9/8/00)