DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR THIRD QUARTER 2024
Rhea-AI Summary
DiamondRock Hospitality Company (NYSE: DRH) has announced dividend declarations for the third quarter of 2024. The company's Board of Directors has declared a quarterly cash dividend of $0.03 per common share, payable on October 11, 2024, to shareholders of record as of September 30, 2024. Additionally, a quarterly dividend of $0.515625 per share has been declared on the company's 8.250% Series A Cumulative Redeemable Preferred Stock, payable on September 30, 2024, to shareholders of record as of September 20, 2024.
Positive
- Consistent dividend payment for common shareholders
- Maintained dividend for preferred stockholders
Negative
- None.
News Market Reaction – DRH
In the trading session that priced this news, DRH declined 2.89%, 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.
The Company's Board of Directors also declared a quarterly 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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels and resorts with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent 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-dividends-for-third-quarter-2024-302237440.html
SOURCE DiamondRock Hospitality Company