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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) announced a dividend of $0.515625 per share for its 8.250% Series A Cumulative Redeemable Preferred Stock. This dividend will be payable on June 30, 2021, to shareholders recorded as of June 18, 2021. The company, a self-advised REIT, owns a diverse portfolio of 30 premium hotels, totaling over 9,600 rooms, positioned within key gateway and resort locations.

Positive
  • Declaration of a $0.515625 dividend, indicating confidence in financial stability.
  • Sustained performance as a self-advised REIT with a diverse portfolio.
Negative
  • None.

BETHESDA, Md., June 4, 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 June 30, 2021 to shareholders of record as of June 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 currently owns 30 premium quality hotels with over 9,600 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families 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.

Cision View original content:http://www.prnewswire.com/news-releases/diamondrock-hospitality-declares-dividend-on-8-250-series-a-cumulative-redeemable-preferred-stock-301305710.html

SOURCE DiamondRock Hospitality Company

FAQ

What is the dividend amount declared by DiamondRock Hospitality?

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

When is the dividend payment date for DiamondRock Hospitality?

The dividend is payable on June 30, 2021.

Who qualifies for the dividend from DiamondRock Hospitality?

Shareholders of record as of June 18, 2021, qualify for the dividend.

DiamondRock Hospitality Company

NYSE:DRH

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1.84B
207.59M
2.44%
105.99%
9.06%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
BETHESDA