BRAEMAR HOTELS & RESORTS DECLARES MONTHLY PREFERRED DIVIDENDS FOR APRIL 2026

Rhea-AI Summary

Braemar Hotels & Resorts (NYSE: BHR) declared monthly preferred dividends on April 23, 2026 for multiple series.

The Board set aside partial monthly amounts for Series B and Series D that will be paid quarterly on July 15, 2026 to holders of record as of June 30, 2026. Series E and Series M monthly dividends are payable May 15, 2026 to holders of record as of April 30, 2026. Outstanding shares: Series E 11,388,459; Series M 1,379,289 as of March 31, 2026.

Positive

• Series B monthly portion set at $0.1146 per diluted share
• Series D monthly portion set at $0.17187 per diluted share
• Series E monthly dividend of $0.15625 per share payable May 15, 2026
• Series M monthly dividends of $0.17917 and $0.17708 per share payable May 15, 2026
• Disclosure of outstanding preferred share counts (Series E: 11,388,459; Series M: 1,379,289)

Negative

• Series B and D monthly amounts are being set aside monthly but paid quarterly (cash timing mismatch)
• Partial monthly set-asides for Series B and D may delay cash receipt until July 15, 2026

News Market Reaction – BHR

+0.84%

+0.84% Session close to close

In the Apr 24 session, BHR gained 0.84%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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DALLAS, April 23, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that its Board of Directors (the "Board") declared, and the Company set aside a partial cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis.

The Board declared and the Company set aside a partial cash dividend for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17187 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis.

The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on May 15, 2026, to stockholders of record as of April 30, 2026.

The Board declared a monthly cash dividend for CUSIPs 10482B705, 10482B887, 10482B796, and 10482B861 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17917 per share will be paid on May 15, 2026 to stockholders of record as of April 30, 2026.

The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17708 per share will be paid on May 15, 2026 to stockholders of record as of April 30, 2026.

As of March 31, 2026, there were 11,388,459 shares of the Company's Series E Redeemable Preferred Stock and 1,379,289 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.

Forward-Looking Statements

Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.

The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.

View original content:https://www.prnewswire.com/news-releases/braemar-hotels--resorts-declares-monthly-preferred-dividends-for-april-2026-302752277.html

SOURCE Braemar Hotels & Resorts, Inc.

FAQ

What dividends did Braemar Hotels & Resorts (BHR) declare on April 23, 2026 for Series B and D preferred stock?

They declared monthly portions of the quarterly dividends: $0.1146 for Series B and $0.17187 for Series D per diluted share. According to the company, these amounts are set aside monthly and will be paid quarterly on July 15, 2026 to holders of record as of June 30, 2026.

When will Braemar (BHR) pay the Series E and Series M preferred dividends declared in April 2026?

Series E and Series M monthly dividends are payable on May 15, 2026. According to the company, the record date for those payments is April 30, 2026, and amounts vary by CUSIP for Series M as disclosed.

How many Series E and Series M preferred shares did Braemar (BHR) report outstanding as of March 31, 2026?

Braemar reported 11,388,459 shares of Series E and 1,379,289 shares of Series M outstanding as of March 31, 2026. According to the company, these counts reflect issued and outstanding preferred shares on that date.

What does 'set aside a partial cash dividend' mean for BHR Series B and D preferred shareholders?

It means one-third of the quarterly dividend is reserved each month but paid quarterly on a scheduled date. According to the company, monthly portions are being accumulated and will be paid together on July 15, 2026 to the June 30 record holders.

Will Braemar's (BHR) dividend timing change affect when shareholders receive cash for Series B and D?

Yes; shareholders will receive the accumulated monthly portions as a single quarterly payment on July 15, 2026. According to the company, the monthly portions are being set aside but not distributed until the quarterly pay date.