DiamondRock Hospitality Declares Dividend On 8.250% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) has declared a dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is set to be paid on March 31, 2021 to shareholders of record as of March 18, 2021. DiamondRock operates a portfolio of 31 hotels with more than 10,000 rooms, concentrating on top gateway markets and destination resorts. The company focuses on both global brand and boutique hotel operations.
Positive
- Declared dividend of $0.515625 per share, enhancing income for shareholders.
- Strategically diversified portfolio with 31 premium hotels in key markets.
Negative
- None.
News Market Reaction – DRH
In the trading session that priced this news, DRH declined 3.39%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BETHESDA, Md., March 1, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Board of Directors has declared a dividend of
About the Company
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
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SOURCE DiamondRock Hospitality Company