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

Rhea-AI Summary

DiamondRock Hospitality Company (NYSE: DRH) has declared a dividend of $0.515625 per share for its 8.250% Series A Cumulative Redeemable Preferred Stock. This dividend will be paid on December 31, 2020, to shareholders recorded as of December 18, 2020. The company owns 31 high-quality hotels across key markets, positioned under major brands like Hilton and Marriott, as well as unique boutique hotels, enhancing its portfolio diversity.

Positive

• Dividend of $0.515625 per share reinforces company confidence.
• Portfolio of 31 premium hotels enhances income potential for shareholders.

Negative

• None.

BETHESDA, Md., Dec. 7, 2020 /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 December 31, 2020 to shareholders of record as of December 18, 2020. 

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 DiamondRock Hospitality?

The dividend amount declared is $0.515625 per share.

When is the dividend payable for DiamondRock Hospitality's preferred stock?

The dividend is payable on December 31, 2020.

What date do shareholders need to be on record to receive the dividend?

Shareholders must be on record by December 18, 2020.

How many hotels does DiamondRock Hospitality own?

DiamondRock Hospitality owns 31 hotels.

What types of brands do DiamondRock's hotels operate under?

Their hotels are operated under brands like Hilton, Marriott, and unique boutique hotels.