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DIAMONDROCK HOSPITALITY COMPANY ANNOUNCES TAX TREATMENT OF 2024 DIVIDENDS

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DiamondRock Hospitality Company (NYSE: DRH) has released the tax treatment details for its 2024 dividend distributions for both common and Series A preferred stockholders. For common stock, the company paid quarterly dividends of $0.03 per share for the first three quarters, followed by an increased dividend of $0.23 per share in the fourth quarter. The total common stock dividend for 2024 was $0.32 per share.

For Series A preferred stock, DRH maintained consistent quarterly payments of $0.515625 per share throughout 2024, totaling $2.0625 per share annually. All distributions for both common and preferred shares qualify as ordinary dividends and Section 199A dividends for tax purposes.

DiamondRock Hospitality Company (NYSE: DRH) ha pubblicato i dettagli relativi al trattamento fiscale delle distribuzioni di dividendi per il 2024, per azionisti di azioni ordinarie e per azioni privilegiate di Serie A. Per le azioni ordinarie, la società ha pagato dividendi trimestrali di $0.03 per azione per i primi tre trimestri, seguiti da un aumento del dividendo a $0.23 per azione nel quarto trimestre. Il dividendo totale per le azioni ordinarie nel 2024 è stato di $0.32 per azione.

Per le azioni privilegiate di Serie A, DRH ha mantenuto pagamenti trimestrali costanti di $0.515625 per azione durante tutto il 2024, per un totale annuale di $2.0625 per azione. Tutte le distribuzioni sia per le azioni ordinarie che per quelle privilegiate sono qualificate come dividendi ordinari e dividendi ai sensi della Sezione 199A per fini fiscali.

DiamondRock Hospitality Company (NYSE: DRH) ha publicado los detalles sobre el tratamiento fiscal de sus distribuciones de dividendos para 2024, tanto para accionistas de acciones comunes como de acciones preferentes Serie A. Para las acciones comunes, la empresa pagó dividendos trimestrales de $0.03 por acción durante los primeros tres trimestres, seguido de un dividendo incrementado de $0.23 por acción en el cuarto trimestre. El dividendo total por acciones comunes para 2024 fue de $0.32 por acción.

Para las acciones preferentes Serie A, DRH mantuvo pagos trimestrales consistentes de $0.515625 por acción durante todo 2024, totalizando $2.0625 por acción anualmente. Todas las distribuciones tanto para las acciones comunes como para las acciones preferentes califican como dividendos ordinarios y dividendos de acuerdo con la Sección 199A para fines fiscales.

다이아몬드락 호텔리티 컴퍼니 (NYSE: DRH)는 일반 및 A 시리즈 우선주 주주를 위한 2024년 배당금 분배에 대한 세어 처리 세부정보를 발표했습니다. 보통주에 대해서는 회사가 첫 세 개 분기 동안 주당 $0.03의 분기 배당금을 지급한 후, 네 번째 분기에서 주당 $0.23으로 인상된 배당금을 지급했습니다. 2024년 보통주의 총 배당금은 주당 $0.32였습니다.

A 시리즈 우선주에 대해서는 DRH가 2024년 동안 주당 $0.515625의 일관된 분기 지급을 유지하여 연간 주당 총액이 $2.0625에 달했습니다. 보통주와 우선주 모두에 대한 모든 배당금 분배는 세제 목적상 일반 배당금 및 199A조 배당금에 해당합니다.

DiamondRock Hospitality Company (NYSE: DRH) a publié les détails concernant le traitement fiscal de ses distributions de dividendes pour 2024, tant pour les actionnaires d'actions ordinaires que pour ceux d'actions privilégiées de Série A. Pour les actions ordinaires, la société a versé des dividendes trimestriels de 0,03 $ par action pour les trois premiers trimestres, suivis d'un dividende augmenté de 0,23 $ par action au quatrième trimestre. Le dividende total pour les actions ordinaires en 2024 était de 0,32 $ par action.

Pour les actions privilégiées de Série A, DRH a maintenu des paiements trimestriels constants de 0,515625 $ par action tout au long de l'année 2024, pour un total annuel de 2,0625 $ par action. Toutes les distributions pour les actions ordinaires et privilégiées sont qualifiées de dividendes ordinaires et de dividendes en vertu de l'article 199A à des fins fiscales.

DiamondRock Hospitality Company (NYSE: DRH) hat die Einzelheiten zur steuerlichen Behandlung seiner Dividendenzahlungen für 2024 für sowohl Stammaktionäre als auch für Aktionäre der Serie A veröffentlicht. Für Stammaktien zahlte das Unternehmen in den ersten drei Quartalen vierteljährliche Dividenden von $0.03 pro Aktie, gefolgt von einer erhöhten Dividende von $0.23 pro Aktie im vierten Quartal. Die Gesamtdividende für Stammaktien im Jahr 2024 betrug $0.32 pro Aktie.

Für die Serie A Vorzugsaktien hielt DRH die vierteljährlichen Zahlungen konstant bei $0.515625 pro Aktie im gesamten Jahr 2024, was jährlich insgesamt $2.0625 pro Aktie ergibt. Alle Ausschüttungen für sowohl Stamm- als auch Vorzugsaktien qualifizieren sich aus steuerlicher Sicht als ordentliche Dividenden und Dividenden gemäß Section 199A.

Positive
  • Significant increase in Q4 common stock dividend to $0.23 from $0.03 in previous quarters
  • Consistent quarterly preferred stock dividend payments maintained at $0.515625 per share
  • All dividends qualify for Section 199A tax treatment, providing potential tax benefits to shareholders
Negative
  • None.

BETHESDA, Md., Jan. 24, 2025 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced the following tax treatment of the 2024 distributions to holders of the Company's common and Series A preferred stock.

Security
Description

Ticker
Symbol

Record
Date

Payable
Date

Total
Distribution
per Share

Ordinary

Dividends

(Box 1a)

Section

199A 

Dividends

(Box 5)








Common

DRH

3/29/2024

4/12/2024

$0.030000

$0.030000

$0.030000

Common

DRH

6/28/2024

7/12/2024

$0.030000

$0.030000

$0.030000

Common

DRH

9/30/2024

10/11/2024

$0.030000

$0.030000

$0.030000

Common

DRH

12/31/2024

1/14/2025

$0.230000

$0.230000

$0.230000








Series A Preferred

DRH Pr A

3/18/2024

3/29/2024

$0.515625

$0.515625

$0.515625

Series A Preferred

DRH Pr A

6/18/2024

6/28/2024

$0.515625

$0.515625

$0.515625

Series A Preferred

DRH Pr A

9/20/2024

9/30/2024

$0.515625

$0.515625

$0.515625

Series A Preferred

DRH Pr A

12/20/2024

12/31/2024

$0.515625

$0.515625

$0.515625

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 leisure destinations and top gateway markets. The Company currently owns 37 premium quality hotels and resorts with over 10,000 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent 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-company-announces-tax-treatment-of-2024-dividends-302359245.html

SOURCE DiamondRock Hospitality Company

FAQ

What is DiamondRock Hospitality's (DRH) total common stock dividend for 2024?

DiamondRock Hospitality's total common stock dividend for 2024 was $0.32 per share, consisting of three $0.03 quarterly payments and a $0.23 payment in Q4.

How much did DRH increase its common stock dividend in Q4 2024?

DRH increased its common stock dividend from $0.03 to $0.23 per share in Q4 2024, representing a 667% increase.

What is the annual dividend amount for DRH Series A preferred stock in 2024?

The annual dividend for DRH Series A preferred stock in 2024 was $2.0625 per share, paid in quarterly installments of $0.515625.

Are DiamondRock Hospitality's 2024 dividends qualified for Section 199A tax treatment?

Yes, all of DiamondRock Hospitality's 2024 dividends for both common and preferred stock qualify as Section 199A dividends.

DiamondRock Hospitality Company

NYSE:DRH

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