DIAMONDROCK HOSPITALITY DECLARES DIVIDENDS FOR SECOND QUARTER 2024

Rhea-AI Summary

On June 3, 2024, DiamondRock Hospitality (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share, payable on July 12, 2024, to shareholders of record as of June 28, 2024.

The Board also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock, payable on June 28, 2024, to shareholders of record as of June 18, 2024.

Positive

• Quarterly cash dividend of $0.03 per common share declared.
• Dividend payable date is set for July 12, 2024.
• Record date for common share dividend is June 28, 2024.
• Quarterly dividend of $0.515625 per share declared on Series A Cumulative Redeemable Preferred Stock.
• Record date for Series A Preferred Stock dividend is June 18, 2024.

Negative

• The common share dividend of $0.03 is relatively low, which might not be attractive to income-focused investors.

BETHESDA, Md., June 3, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on July 12, 2024 to shareholders of record as of June 28, 2024. 

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 June 28, 2024 to shareholders of record as of June 18, 2024. 

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.

View original content:https://www.prnewswire.com/news-releases/diamondrock-hospitality-declares-dividends-for-second-quarter-2024-302160770.html

SOURCE DiamondRock Hospitality Company

FAQ

When did DiamondRock Hospitality declare its second-quarter dividend for 2024?

DiamondRock Hospitality declared its second-quarter dividend on June 3, 2024.

What is the dividend amount per common share for DiamondRock Hospitality in Q2 2024?

The dividend amount per common share for DiamondRock Hospitality in Q2 2024 is $0.03.

When will the Q2 2024 dividend for DiamondRock Hospitality be paid?

The Q2 2024 dividend for DiamondRock Hospitality will be paid on July 12, 2024.

What is the record date for DiamondRock Hospitality's Q2 2024 common share dividend?

The record date for DiamondRock Hospitality's Q2 2024 common share dividend is June 28, 2024.

What is the dividend amount for DiamondRock Hospitality's Series A Preferred Stock in Q2 2024?

The dividend amount for DiamondRock Hospitality's Series A Preferred Stock in Q2 2024 is $0.515625 per share.

When will the Series A Preferred Stock dividend be paid by DiamondRock Hospitality?

The Series A Preferred Stock dividend will be paid on June 28, 2024.

What is the record date for DiamondRock Hospitality's Series A Preferred Stock dividend?

The record date for DiamondRock Hospitality's Series A Preferred Stock dividend is June 18, 2024.