DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2022 DIVIDENDS

Rhea-AI Summary

On January 24, 2023, DiamondRock Hospitality Company (NYSE: DRH) detailed the tax treatment for its 2022 distributions to shareholders of common and Series A preferred stock. Key dates include:

• Record Date (Common): 9/30/2022, Payable Date: 10/12/2022, Total Distribution: $0.03/share
• Record Date (Common): 12/30/2022, Payable Date: 1/12/2023, Total Distribution: $0.06/share
• Series A Preferred: Multiple distributions totaling $0.515625/share were noted for various record dates.

Shareholders are advised to consult tax advisors regarding their individual tax implications.

Positive

• Total distribution to common stockholders increased to $0.06 per share for the December payment.
• The Series A preferred shares maintain a consistent dividend of $0.515625 per share across multiple payments.

Negative

• None.

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BETHESDA, Md., Jan. 24, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced the following tax treatment of the 2022 distributions to holders of the Company's common and Series A preferred stock.

Security Description	Ticker Symbol	Record Date	Payable Date	Total Distribution per Share	Ordinary Dividends (Box 1a)	Qualified Dividends (Box 1b)	Section 199A Dividends (Box 5)
Common	DRH	9/30/2022	10/12/2022	$0.030000	$0.030000	$0.015152	$0.014848
Common	DRH	12/30/2022	1/12/2023	$0.060000	$0.060000	$0.030305	$0.029695
Series A Preferred	DRH Pr A	3/18/2022	3/31/2022	$0.515625	$0.515625	$0.260432	$0.255193
Series A Preferred	DRH Pr A	6/17/2022	6/30/2022	$0.515625	$0.515625	$0.260432	$0.255193
Series A Preferred	DRH Pr A	9/16/2022	9/30/2022	$0.515625	$0.515625	$0.260432	$0.255193
Series A Preferred	DRH Pr A	12/19/2022	12/30/2022	$0.515625	$0.515625	$0.260432	$0.255193

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.

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 leisure destinations and top gateway markets. The Company currently owns 35 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

FAQ

What is the tax treatment for DiamondRock Hospitality Company's 2022 dividends?

DiamondRock Hospitality Company has announced specific tax treatments for its 2022 dividends, advising shareholders to consult their tax advisors for detailed implications.

What are the dividend payment dates for DRH in 2022?

The payment dates for DiamondRock's 2022 dividends include October 12, 2022, for the first distribution and January 12, 2023, for the larger second distribution.

What were the total distributions per share for DRH in 2022?

The total distributions for common stock were $0.03 per share for the September record date and $0.06 per share for the December record date.

How much did DiamondRock pay in Series A preferred dividends in 2022?

The Series A preferred dividends totaled $0.515625 per share for multiple periods in 2022.

What is the dividend frequency for DiamondRock Hospitality Company?

DiamondRock generally pays dividends quarterly on both common and Series A preferred shares.