DiamondRock Hospitality Declares Dividend on 8.250% Series A Cumulative Redeemable Preferred Stock
Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) announced a dividend of $0.515625 per share for its 8.250% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on June 30, 2021, to shareholders recorded as of June 18, 2021. The company, a self-advised REIT, owns a diverse portfolio of 30 premium hotels, totaling over 9,600 rooms, positioned within key gateway and resort locations.
Positive
- Declaration of a $0.515625 dividend, indicating confidence in financial stability.
- Sustained performance as a self-advised REIT with a diverse portfolio.
Negative
- None.
News Market Reaction – DRH
In the trading session that priced this news, DRH gained 0.99%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
BETHESDA, Md., June 4, 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 currently owns 30 premium quality hotels with over 9,600 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com.
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SOURCE DiamondRock Hospitality Company