Pebblebrook Hotel Trust declared a prorated cash dividend of 13.21739 cents per share, following the completion of its merger with LaSalle Hotel Properties.

The hotel real estate investment trust previously declared a 24.78261 cents per share prorated cash dividend ahead of the merger.

The dividends will be paid Jan. 15, 2019, to shareholders of record as of Dec. 31 and Nov. 29, respectively.