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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
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Tuesday, July 08, 2008
DiamondRock Hospitality Announces Second Quarter 2008 Earnings Release and Conference Call
Comtex
BETHESDA, Md., July 8, 2008 /PRNewswire-FirstCall via COMTEX/ ----DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for its fiscal second quarter 2008 after the market closes on Tuesday, July 22, 2008. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) on Wednesday, July 23, 2008. Management will discuss the Company's fiscal second quarter 2008 results and its business outlook for 2008. The information to be discussed on the call will be contained in the Company's earnings release, which will be available in the Investor Relations section of the Company's website at www.drhc.com.
The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 888-713-4218. International callers may dial 617-213-4870. The participant passcode is 57914861. To participate on the webcast, log on to www.drhc.com or www.earnings.com 15 minutes before the call to download the necessary software.
For those unable to listen to the call live, a taped rebroadcast will be available beginning two hours after completion of the live call through July 30, 2008. To access the rebroadcast, dial 888-286-8010, or internationally at 617-801-6888, and request passcode number 85341058. A replay of the call will also be available on the Internet at www.drhc.com or www.earnings.com for 30 days.
About DiamondRock Hospitality Company
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner and acquirer of premium hotel properties. DiamondRock owns 20 hotels with approximately 9,600 rooms. For further information, please visit DiamondRock's website at www.drhc.com.
SOURCE DiamondRock Hospitality Company
http://www.drhc.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 07-04-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-03-2008 for DRH @ $12.91. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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