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Host Hotels & Resorts Announces Fourth Quarter Dividend and Special Dividend on Common Stock

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Rhea-AI Summary
Host Hotels & Resorts, Inc. (NASDAQ: HST) returns to pre-pandemic quarterly payout level, authorizing a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter. Additionally, the Company announced a special dividend of $0.25 per share, bringing the total dividends declared for the year to $0.90 per share. The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.
Positive
  • 11% increase in quarterly cash dividend
  • Special dividend of $0.25 per share
  • Total dividends declared for the year at $0.90 per share
Negative
  • None.

Company returns to pre-pandemic quarterly payout level

BETHESDA, Md., Dec. 15, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter. In addition, the Company announced a special dividend of $0.25 per share, bringing the total dividends declared for the year to $0.90 per share. The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.

ABOUT HOST HOTELS & RESORTS

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures.

SOURAV GHOSHJAIME MARCUS
Chief Financial OfficerInvestor Relations
(240) 744-5267(240) 744-5117
 ir@hosthotels.com

FAQ

What is the latest announcement from Host Hotels & Resorts, Inc. (NASDAQ: HST)?

Host Hotels & Resorts, Inc. (NASDAQ: HST) has authorized a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter, and a special dividend of $0.25 per share.

When will the dividend be payable to stockholders of Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.

What is the total dividend declared for the year by Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The total dividends declared for the year by Host Hotels & Resorts, Inc. (NASDAQ: HST) is $0.90 per share.

How much is the increase in the regular quarterly cash dividend of Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The increase in the regular quarterly cash dividend of Host Hotels & Resorts, Inc. (NASDAQ: HST) is 11% over the prior quarter.

Host Hotels & Resorts, Inc.

NASDAQ:HST

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13.15B
694.10M
1.3%
104.27%
6.51%
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Finance and Insurance
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United States of America
BETHESDA

About HST

Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures.