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 on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 31, 2021, to shareholders of record as of December 20, 2021. The company, a self-advised REIT, owns 31 premium hotels with over 9,100 rooms in major markets and resort locations. This strategic positioning within the hospitality sector enhances its appeal among investors.
Positive
- Dividend declared at $0.515625 per share, indicating financial stability.
- Payout date set for December 31, 2021, rewarding shareholders before year-end.
Negative
- None.
News Market Reaction – DRH
In the trading session that priced this news, DRH declined 0.43%, reflecting a mild 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., Dec. 10, 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 31 premium quality hotels with over 9,100 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.
View original content:https://www.prnewswire.com/news-releases/diamondrock-hospitality-declares-dividend-on-8-250-series-a-cumulative-redeemable-preferred-stock-301439511.html
SOURCE DiamondRock Hospitality Company