DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FOURTH QUARTER 2023

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DiamondRock Hospitality Company (NYSE: DRH) declares a cash dividend of $0.03 per common share and a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The cash dividend is payable on January 11, 2024, and the quarterly dividend is payable on December 29, 2023.

BETHESDA, Md., Dec. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share. The dividend is payable on January 11, 2024 to shareholders of record as of December 29, 2023. 

The Company's Board of Directors also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 29, 2023 to shareholders of record as of December 19, 2023. 

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 36 premium quality hotels and resorts with over 9,700 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.

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SOURCE DiamondRock Hospitality Company

FAQ

What dividend has DiamondRock Hospitality Company declared for its common shares?

DiamondRock Hospitality Company has declared a cash dividend of $0.03 per common share.

What dividend has DiamondRock Hospitality Company declared for its 8.250% Series A Cumulative Redeemable Preferred Stock?

DiamondRock Hospitality Company has declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock.

When is the cash dividend payable?

The cash dividend is payable on January 11, 2024.

When is the quarterly dividend payable?

The quarterly dividend is payable on December 29, 2023.