Xenia Hotels REIT to pay first quarterly dividend in 2 1|2 years Xenia Hotels Resorts Inc. said Friday that it has reinstated its quarterly dividend, after stopping payment around the start of the COVID-19 pandemic. The upscale hotel real estate investment trust said it will pay a quarterly dividend of 10 cents a share on Oct. 14 to shareholders of record on Sept. 30. Based on Thursday''s stock closing price of $16.22, the annual dividend rate implies a dividend yield of 2.47%, which compares with the yield for the SPDR Real Estate Select Sector ETF of 3.14% and the implied yield for the SP 500 of 1.69%. The last quarterly dividend paid was 27.5 cents a share in March 2020. Xenia''s stock, which was still inactive in premarket trading, has gained 1.6% over the past three months while the REIT sector ETF has tacked on 1.4% and the SP 500 has advanced 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.