Summary RLJ Lodging Trust's preferred stock offers a 7.5% yield, down from 8.1%, but remains attractive thanks to the safety of its dividend and potential Fed rate cuts. The REIT owns 96 premium-branded hotels, has recovered from the pandemic, and maintains a healthy balance sheet, ensuring the preferred dividend's safety. The preferred dividend is well-covered with a 9.3 coverage ratio, and the REIT is unlikely to eliminate its common dividend, even in a recession. With the Fed likely to reduce interest rates, locking in the 7.5% yield of RLJ Lodging Trust's preferred stock is a prudent move for income-oriented investors. Pgiam/iStock via Getty Images More than a year ago, I