DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2021 DIVIDENDS

Rhea-AI Summary

DiamondRock Hospitality Company (NYSE: DRH) announced the tax treatment for its 2021 dividend distributions to holders of its preferred stock. Throughout 2021, no dividends were paid to common stockholders. The total distribution for Series A Preferred Stock amounted to $2.0625 per share, with quarterly payments of $0.515625. Key dates include record dates of March 18, June 18, September 17, and December 20, and payable dates on March 31, June 30, September 30, and December 31, respectively. Shareholders are advised to consult their tax advisors for specific treatment of these distributions.

Positive

• Total distribution per share for preferred stock is $2.0625.
• Quarterly dividends of $0.515625 demonstrate ongoing commitment to preferred shareholders.

Negative

• No dividends were paid to common stockholders in 2021.

BETHESDA, Md., Jan. 24, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2021 dividend distributions to the holders of the Company's preferred stock. The Company did not pay any dividends to holders of the Company's common stock during 2021.

Series A Preferred Stock (DRH Pr A CUSIP # 252784400):

Record Date	Payable Date	Total Distribution per Share	Return of Capital (Box 3)
March 18, 2021	March 31, 2021	$0.515625	$0.515625
June 18, 2021	June 30, 2021	$0.515625	$0.515625
September 17, 2021	September 30, 2021	$0.515625	$0.515625
December 20, 2021	December 31, 2021	$0.515625	$0.515625
Total		$2.062500	$2.062500

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions.

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 33 premium quality hotels and resorts with over 9,400 rooms. The Company has strategically curated its portfolio to be comprised of unique lifestyle properties, as well as those enhanced by leading global brands.  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 DiamondRock Hospitality Company (DRH) in 2021?

The total distribution for preferred stockholders in 2021 was $2.0625 per share.

When were the dividends for DRH's preferred stock paid in 2021?

Dividends were paid quarterly on March 31, June 30, September 30, and December 31, 2021.

Are there any dividends for common stockholders of DRH in 2021?

No, DiamondRock Hospitality Company did not pay any dividends to common stockholders in 2021.

What are the record and payable dates for DRH's preferred stock dividends?

Record dates are March 18, June 18, September 17, and December 20, while payable dates are March 31, June 30, September 30, and December 31, 2021.

Should shareholders consult anyone regarding the tax treatment of DRH's dividends?

Yes, shareholders are encouraged to consult with their personal tax advisors for specific tax treatment.