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

Rhea-AI Summary

DiamondRock Hospitality Company (NYSE: DRH) announced a dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 31, 2021, to shareholders of record as of December 20, 2021. The company, a self-advised REIT, owns 31 premium hotels with over 9,100 rooms in major markets and resort locations. This strategic positioning within the hospitality sector enhances its appeal among investors.

Positive

• Dividend declared at $0.515625 per share, indicating financial stability.
• Payout date set for December 31, 2021, rewarding shareholders before year-end.

Negative

• None.

BETHESDA, Md., Dec. 10, 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 December 31, 2021 to shareholders of record as of December 20, 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.

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SOURCE DiamondRock Hospitality Company

FAQ

What is the dividend amount for DRH announced in December 2021?

The dividend amount for DiamondRock Hospitality Company (DRH) is $0.515625 per share.

When is the DRH dividend payment date?

The dividend payment date for DRH is December 31, 2021.

What is the record date for the DRH dividend?

The record date for the DRH dividend is December 20, 2021.

How often does DiamondRock Hospitality Company pay dividends?

DiamondRock Hospitality Company typically pays dividends quarterly, but this specific announcement is for a preferred stock dividend.

What type of stock is the DRH dividend related to?

The dividend is related to the 8.250% Series A Cumulative Redeemable Preferred Stock.