DiamondRock Hospitality Company Announces Tax Treatment Of 2020 Dividends

Rhea-AI Summary

DiamondRock Hospitality Company (NYSE: DRH) announced the tax treatment for its 2020 dividend distributions. For common stock, the record date was January 2, 2020, with a payable date of January 13, 2020, totaling $0.125 per share. Series A preferred stock had a record date of September 20, 2020, and a payable date of September 30, 2020, totaling $0.1776 per share, followed by another distribution of $0.515625 on shares recorded on December 19, 2020, payable December 31, 2020. Total distributions for preferred stock summed to $0.693225.

Positive

• Total distribution per common stock is $0.125.
• Total distribution per Series A preferred stock is $0.693225.

Negative

• None.

BETHESDA, Md., Jan. 22, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2020 dividend distributions to the holders of the Company's common and preferred stock.

Common Stock (DRH CUSIP # 252784301):

Record Date	Payable Date	Total Distribution per Share	Total Ordinary Dividends (Box 1a)	Section 199A Dividends (Box 5)
January 2, 2020	January 13, 2020	$0.125000	$0.125000	$0.125000

Series A Preferred Stock (DRH Pr A CUSIP # 252784400):

Record Date	Payable Date	Total Distribution per Share	Return of Capital (Box 3)
September 20, 2020	September 30, 2020	$0.177600	$0.177600
December 19, 2020	December 31, 2020	$0.515625	$0.515625
Totals		$0.693225	$0.693225

The table above reflects the treatment of the dividends for the 2020 tax year.  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 top gateway markets and destination resort locations.  The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott 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 of DiamondRock Hospitality Company's 2020 dividends?

The tax treatment for the 2020 dividends is divided into ordinary dividends and returns of capital as detailed in the press release.

What is the record date for DiamondRock's common stock dividend in 2020?

The record date for the common stock dividend was January 2, 2020.

When will DiamondRock Hospitality Company's dividends be payable?

The payable date for the common stock dividend was January 13, 2020, and for the Series A preferred stock, it was September 30, 2020, and December 31, 2020.

How much is the total distribution per share for DiamondRock's Series A preferred stock?

The total distribution per share for the Series A preferred stock is $0.693225.