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 set to be paid on June 30, 2022, to shareholders of record as of June 17, 2022. The company operates a diverse portfolio of 34 hotels, totaling over 9,500 rooms, focused on leisure destinations and key markets, enhancing its market presence as a significant real estate investment trust (REIT).

Positive

• Declared a dividend of $0.515625 per share, enhancing shareholder income.
• Strong presence with 34 premium quality hotels, supporting long-term growth.

Negative

• None.

BETHESDA, Md., June 2, 2022 /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 June 30, 2022 to shareholders of record as of June 17, 2022. 

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 34 premium quality hotels with over 9,500 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 DiamondRock Hospitality in June 2022?

The dividend amount is $0.515625 per share.

When is the dividend for DRH payable?

The dividend is payable on June 30, 2022.

What is the record date for the DRH dividend?

The record date for the dividend is June 17, 2022.

How many hotels does DiamondRock Hospitality own?

DiamondRock Hospitality owns 34 hotels.

What is the focus of DiamondRock Hospitality's hotel portfolio?

The focus is on leisure destinations and key gateway markets.