Park Hotels & Resorts Inc. Announces Tax Treatment of 2022 Dividends
Park Hotels & Resorts Inc. (NYSE:PK) announced its tax reporting information for 2022 cash distributions, totaling $0.28 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Park Hotels & Resorts Inc. (NYSE:PK) announced its tax reporting information for 2022 cash distributions, totaling $0.28 per share. The distributions were paid as follows: $0.01 on April 15, $0.01 on July 15, $0.01 on October 17, and $0.25 on January 17, 2023. All dividends are classified as 100% capital gain distributions for tax purposes. This information is crucial for shareholders in understanding their tax obligations for the year.
Positive
- Total cash distributions of $0.28 per share for 2022.
- Significant final distribution of $0.25 paid on January 17, 2023.
Negative
- None.
Details
News Market Reaction – PK
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TYSONS, Va., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) (“Park” or the “Company”) announced today the tax reporting information for its 2022 cash distributions on its common stock.
The distributions, totaling
For income tax purposes, the dividends for 2022, totaling
The following table summarizes the income tax treatment of the Company's 2022 dividends:
2022 Dividend Tax Reporting Information (Form 1099-DIV)
Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105
| Record Date | Payable Date | Dividend per Share | Total ordinary dividends (box 1a) | Total capital gain distr. (box 2a) | Section 199A dividends (box 5) | ||||
| March 31, 2022 | April 15, 2022 | ||||||||
| June 30, 2022 | July 15, 2022 | ||||||||
| September 30, 2022 | October 17, 2022 | ||||||||
| December 30, 2022 | January 17, 2023 | ||||||||
| Totals | $0.28 | $0.00 | $0.28 | $0.00 | |||||
About Park Hotels & Resorts
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 47 premium-branded hotels and resorts with approximately 30,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.
For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com
For additional information or to receive press releases via e-mail, please visit our website at
www.pkhotelsandresorts.com
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