STAY - Extended Stay America reaffirms Q4 FY2020 outlook and declares special dividend

Extended Stay America (STAY) re-affirms its Q4 and FY2020 guidance issued on November 9, 2020.President and Chief Executive Officer, Bruce Haase, commented, “We are pleased our strong performance during the pandemic has enabled us to continue to return capital to shareholders, with approximately $138 million returned to paired shareholders in 2020 inclusive of this special distribution announced today. This special “catch-up” distribution represents the remaining expected taxable income at our REIT for 2020.”The company declares $0.35/share special dividend. Payable Jan. 20; for shareholders of record Jan. 6; ex-div Jan. 5.Guidance:See STAY Dividend Scorecard, Yield Chart, & Dividend Growth.

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Extended Stay America reaffirms Q4, FY2020 outlook and declares special dividend