DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR THIRD QUARTER 2023

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DiamondRock Hospitality Company declares cash dividend of $0.03 per common share and quarterly dividend of $0.515625 per share on its preferred stock.

BETHESDA, Md., Sept. 6, 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 October 12, 2023 to shareholders of record as of September 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 September 29, 2023 to shareholders of record as of September 18, 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 top gateway markets and destination resort locations.  The Company currently owns 36 premium quality hotels and resorts with over 9,700 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