Host Hotels & Resorts Announces Fourth Quarter Dividend and Special Dividend on Common Stock

Rhea-AI Summary

Host Hotels & Resorts, Inc. (NASDAQ: HST) returns to pre-pandemic quarterly payout level, authorizing a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter. Additionally, the Company announced a special dividend of $0.25 per share, bringing the total dividends declared for the year to $0.90 per share. The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.

Positive

• 11% increase in quarterly cash dividend
• Special dividend of $0.25 per share
• Total dividends declared for the year at $0.90 per share

Negative

• None.

Company returns to pre-pandemic quarterly payout level

BETHESDA, Md., Dec. 15, 2023 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter. In addition, the Company announced a special dividend of $0.25 per share, bringing the total dividends declared for the year to $0.90 per share. The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.

ABOUT HOST HOTELS & RESORTS

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures.

SOURAV GHOSH	JAIME MARCUS
Chief Financial Officer	Investor Relations
(240) 744-5267	(240) 744-5117
	ir@hosthotels.com

FAQ

What is the latest announcement from Host Hotels & Resorts, Inc. (NASDAQ: HST)?

Host Hotels & Resorts, Inc. (NASDAQ: HST) has authorized a regular quarterly cash dividend of $0.20 per share, an 11% increase over the prior quarter, and a special dividend of $0.25 per share.

When will the dividend be payable to stockholders of Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The dividend is payable on January 16, 2024, to stockholders of record on December 29, 2023.

What is the total dividend declared for the year by Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The total dividends declared for the year by Host Hotels & Resorts, Inc. (NASDAQ: HST) is $0.90 per share.

How much is the increase in the regular quarterly cash dividend of Host Hotels & Resorts, Inc. (NASDAQ: HST)?

The increase in the regular quarterly cash dividend of Host Hotels & Resorts, Inc. (NASDAQ: HST) is 11% over the prior quarter.