Service Properties Trust (NASDAQ:SVC) stock plunged 19% in Wednesday morning trading after the REIT slashed its dividend to $0.01 per share and plans to sell about half of its hotel properties to boost its liquidity and pay down debt.
“Given the
Service Properties Trust (NASDAQ:SVC) stock plunged 19% in Wednesday morning trading after the REIT slashed its dividend to $0.01 per share and plans to sell about half of its hotel properties to boost its liquidity and pay down debt.
“Given the