Host Hotels & Resorts Inc. (NYSE:HST) announced that its board of directors authorized a regular quarterly cash dividend of $0.01 per share on the Company�s common stock. The dividend is payable on January 18, 2011 to stockholders of record on December 31, 2010. Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper upscale hotels. The Company currently owns 104 properties in the United States and nine international properties totaling approximately 62,000 rooms. The Company also holds a non-controlling interest in a joint venture that owns 11 hotels in Europe with approximately 3,500 rooms and a second joint venture in Asia that is developing seven properties in India with approximately 1,750 rooms. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott�, Ritz-Carlton�, Westin�, Sheraton�, W�, St.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland.
Weyerhaeuser Co. (NYSE:WY) announced the dividend guidance its board of directors is providing for 2011. Weyerhaeuser anticipates paying a quarterly dividend of 15 cents per share, or 60 cents per share on an annualized basis, with the first dividend payment expected to occur in March 2011. The board will determine and declare the actual dividend on a quarterly basis. �This action establishes a dividend that is attractive to shareholders � one that is sustainable and those we expect to grow over time,� said Dan Fulton, president and chief executive officer. �We do not anticipate significant improvement in the housing market in 2011,� Fulton said. �While there is significant near term uncertainty, the longer-term outlook remains positive as we expect improved macroeconomic conditions and housing starts to return to trend levels.
Weyerhaeuser Company grows and harvests trees, builds homes, and manufactures forest products worldwide. The company manages approximately 6.6 million acres of private commercial forestland; and has renewable long-term licenses on 15.2 million acres of forestland.
Collective Brands, Inc. (NYSE:PSS) announced a three-year endorsement agreement with former football great Herschel Walker. Recognized as the performance category pioneer in both MMA and amateur wrestling, Clinch Gear is also represented by established MMA superstars Dan Henderson, Fedor Emelianenko and Cung Le, among others.�Herschel Walker is an ideal partner for our brand,� commented CEO Bruce Pettet, CEO of Collective Licensing International, which owns the Clinch Gear brand. �His dedication, hard work and incredible accomplishments have clearly established him as one of America�s ultimate performance athletes.
Collective Brands, Inc. primarily engages in the wholesale and retail of footwear and related accessories worldwide. Its Payless ShoeSource stores offer footwear, including athletic, casual and dress shoes, sandals, work and fashion boots, slippers, and accessories, such as handbags, jewelry, and hosiery for women, children, and men.
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