Sunstone Hotel Announces Quarterly Dividend of $0.09 Per Share
Sunstone Hotel Investors (SHO) has declared a quarterly dividend of $0.09 per share, maintaining consistency with its previous payout levels. The dividend carries a forward yield of 2.91% and is scheduled to be paid on January 15, with an ex-dividend date and record date set for December 31. The announcement follows recent financial performance where the company reported Funds From Operations (FFO) of $0.20 per share, exceeding expectations by $0.02. Additionally, revenue reached $233.7 million, beating analyst estimates by $8.45 million, signaling steady operational momentum despite varying investor outlooks on long-term guidance.
Tickers: $SHO
Topics: dividends earnings report FFO revenue