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CorePoint declares 1st dividend after spinoff from La Quinta

CorePoint Lodging Inc. declared a second-quarter cash dividend of 6.7 cents per common share, the hotel real estate investment trust's first payout after its spinoff from La Quinta Holdings Inc.

The dividend, which is prorated based on the projected regular quarterly payout of 20 cents per common share, will be paid Sept. 14 to stockholders of record as of the close of business Aug. 30.