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DiamondRock Hospitality Declares Dividend On 8.250% Series A Cumulative Redeemable Preferred Stock

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DiamondRock Hospitality Company (NYSE: DRH) has declared a dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is set to be paid on March 31, 2021 to shareholders of record as of March 18, 2021. DiamondRock operates a portfolio of 31 hotels with more than 10,000 rooms, concentrating on top gateway markets and destination resorts. The company focuses on both global brand and boutique hotel operations.

Positive
  • Declared dividend of $0.515625 per share, enhancing income for shareholders.
  • Strategically diversified portfolio with 31 premium hotels in key markets.
Negative
  • None.

BETHESDA, Md., March 1, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Board of Directors has declared a dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on March 31, 2021 to shareholders of record as of March 18, 2021. 

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.

 

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SOURCE DiamondRock Hospitality Company

FAQ

What is the dividend amount declared by DRH?

DiamondRock Hospitality Company declared a dividend of $0.515625 per share.

When is the dividend payable for DRH's preferred stock?

The dividend is payable on March 31, 2021.

Who are the shareholders eligible for the DRH dividend?

Shareholders of record as of March 18, 2021, are eligible for the dividend.

What type of company is DiamondRock Hospitality?

DiamondRock Hospitality is a self-advised real estate investment trust (REIT).

How many hotels does DiamondRock Hospitality own?

The company owns 31 premium quality hotels.

DiamondRock Hospitality Company

NYSE:DRH

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1.81B
207.26M
2.44%
106.35%
9.06%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
BETHESDA