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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. This dividend is set to be paid on September 30, 2021, to shareholders of record as of September 17, 2021. The company specializes in owning a diverse portfolio of hotels, currently holding 31 premium properties with over 9,100 rooms, strategically placed in key gateway markets and resorts.

Positive
  • Dividend of $0.515625 per share indicating income for shareholders.
  • Strong portfolio of 31 hotels with over 9,100 rooms.
Negative
  • None.

BETHESDA, Md., Sept. 2, 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 September 30, 2021 to shareholders of record as of September 17, 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 31 premium quality hotels with over 9,100 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:https://www.prnewswire.com/news-releases/diamondrock-hospitality-declares-dividend-on-8-250-series-a-cumulative-redeemable-preferred-stock-301368710.html

SOURCE DiamondRock Hospitality Company

FAQ

What is the dividend amount declared by DiamondRock Hospitality (DRH)?

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

When will the dividend be paid by DiamondRock Hospitality (DRH)?

The dividend will be paid on September 30, 2021.

What is the record date for the dividend payment of DiamondRock Hospitality (DRH)?

The record date for the dividend payment is September 17, 2021.

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
Link
United States of America
BETHESDA