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 will be paid on March 31, 2022, to shareholders of record by March 18, 2022. The Company operates a portfolio of 33 hotels with over 9,400 rooms in top leisure destinations and gateway markets.

Positive

• Dividend of $0.515625 per share, boosting income for shareholders.
• Strong portfolio of 33 premium hotels enhances company stability.

Negative

• None.

BETHESDA, Md., March 8, 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 March 31, 2022 to shareholders of record as of March 18, 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 33 premium quality hotels with over 9,400 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 declared by DiamondRock Hospitality (DRH)?

The dividend amount declared by DiamondRock Hospitality (DRH) is $0.515625 per share.

When is the dividend payment date for DRH's preferred stock?

The dividend payment date for DRH's preferred stock is March 31, 2022.

What is the record date for the dividend payment by DRH?

The record date for the dividend payment by DRH is March 18, 2022.

How many hotels does DiamondRock Hospitality (DRH) own?

DiamondRock Hospitality (DRH) owns 33 hotels.

What type of investment company is DiamondRock Hospitality?

DiamondRock Hospitality is a self-advised real estate investment trust (REIT).