Sandpiper Lodging Trust Announces First Quarter 2021 Dividend to Shareholders Share Article Sandpiper Lodging Trust declared a first quarter dividend of $0.1706 per share, which represents a 7% annualized distribution, to shareholders of record on May 18, 2021 payable on May 25, 2021. RICHMOND, Va. (PRWEB) May 26, 2021 Sandpiper Lodging Trust (“SLT”) announced today that its Board of Trustees declared a first quarter dividend of $0.1706 per share, which represents a 7% annualized distribution, to shareholders of record on May 18, 2021 payable on May 25, 2021. Carter Rise, CEO of SLT, stated, “Our focus on extended stay hotels has provided us with significant downside protection during the pandemic, both on an absolute basis and, particularly, relative to our nightly-stay competitors. Furthermore, our WoodSpring Suites portfolio has outperformed the WoodSpring Suites brand average for Revenue per Available Room (“RevPAR”) and Occupancy by a comfortable margin. Earnings for the first quarter, while typically one of our seasonally lightest quarters of the year, were up substantially from the year earlier period and compare favorably with our best quarters ever regardless of season.”