DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR THIRD QUARTER 2024

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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

-2.89%

1 alert

-2.89% News Effect

On the day this news was published, DRH declined 2.89%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

09/04/2024 - 08:00 AM

BETHESDA, Md., Sept. 4, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on October 11, 2024 to shareholders of record as of September 30, 2024.

The Company's Board of Directors also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 30, 2024 to shareholders of record as of September 20, 2024.

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

FAQ

What is the dividend amount for DiamondRock Hospitality's common shares in Q3 2024?

DiamondRock Hospitality (DRH) has declared a quarterly cash dividend of $0.03 per common share for the third quarter of 2024.

When will DiamondRock Hospitality pay its Q3 2024 common share dividend?

The Q3 2024 common share dividend for DiamondRock Hospitality (DRH) will be paid on October 11, 2024, to shareholders of record as of September 30, 2024.

What is the dividend amount for DiamondRock Hospitality's preferred stock in Q3 2024?

DiamondRock Hospitality (DRH) has declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock for Q3 2024.