CHH

Get a Special Dividend of $10.41 for a 25% Dividend Yield.

Investing Strategy / By

Choice Hotels International, Inc. (CHH) announced that the Company’s Board of Directors has declared a special cash dividend in the amount of $10.41 per share, resulting in an aggregate payment amount of approximately $600 million. The record date for the special cash dividend is August 20, 2012 and the special cash dividend will be paid on August …

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Choice Hotels Announces Special Dividend of $10 per share

Dividen Stocks / By

Choice Hotels (CHH) whose midpriced and budget hotel brands include Comfort Inn, Quality Inn and Econo Lodge, announced  it intended to offer $400 million of 10-year, asset-backed senior notes to help fund a $600 million special cash dividend.  This is a special dividend of approximately $10.00 per share.  The special dividend must be approved by the Board.  There is no date scheduled for …

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