Braemar Hotels (NYSE: BHR) sets April 2026 preferred stock dividends
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Braemar Hotels & Resorts Inc. declared monthly and partial quarterly cash dividends for its preferred stock series for April 2026. The Series B 5.5% cumulative convertible preferred dividend is $0.1146 per diluted share and the Series D 8.25% cumulative preferred dividend is $0.17187 per diluted share, each representing one-third of the quarterly amount to be paid on July 15, 2026 to holders of record on June 30, 2026. The Series E redeemable preferred dividend is $0.15625 per share, and the Series M redeemable preferred dividends are $0.17917 per share for certain CUSIPs and $0.17708 per share for the remaining CUSIPs, each payable on May 15, 2026 to stockholders of record on April 30, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Series B monthly dividend: $0.1146 per diluted share
Series D monthly dividend: $0.17187 per diluted share
Series E monthly dividend: $0.15625 per share
+4 more
7 metrics
Series B monthly dividend
$0.1146 per diluted share
5.5% Series B Cumulative Convertible Preferred; April 2026 portion, pays July 15, 2026
Series D monthly dividend
$0.17187 per diluted share
8.25% Series D Cumulative Preferred; April 2026 portion, pays July 15, 2026
Series E monthly dividend
$0.15625 per share
Series E Redeemable Preferred; payable May 15, 2026 to April 30, 2026 record holders
Series M monthly dividend (select CUSIPs)
$0.17917 per share
Series M Redeemable Preferred; specified CUSIPs, payable May 15, 2026
Series M monthly dividend (other CUSIPs)
$0.17708 per share
Remaining Series M CUSIPs; payable May 15, 2026
Series E shares outstanding
11,388,459 shares
Series E Redeemable Preferred Stock outstanding as of March 31, 2026
Series M shares outstanding
1,379,289 shares
Series M Redeemable Preferred Stock outstanding as of March 31, 2026
Key Terms
Cumulative Convertible Preferred Stock, Cumulative Preferred Stock, Redeemable Preferred Stock, real estate investment trust (REIT), +2 more
6 terms
Cumulative Convertible Preferred Stock financial
"the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share"
Cumulative Preferred Stock financial
"the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17187 per diluted share"
Cumulative preferred stock is a type of share that pays fixed dividends and creates an obligation for the company to repay any missed dividend payments later; if the firm skips a dividend, those unpaid amounts build up like an IOU and must be paid to these shareholders before common shareholders receive dividends. Investors care because it offers steadier income and higher priority in the payout order, making it less risky than common stock but still subject to company solvency and interest-rate shifts.
Redeemable Preferred Stock financial
"The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock"
real estate investment trust (REIT) financial
"Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector."
A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate like shopping malls, apartments, or office buildings. Investors buy shares of the REIT, making it easy for people to invest in real estate without buying property themselves, and it often pays regular dividends from the rent it collects.
revenue per available room (RevPAR) financial
"specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average."
Revenue per available room (RevPAR) measures how much money a hotel earns on average for each room it could sell, calculated by dividing total room revenue by the number of rooms available over a period. Think of it like the average income a restaurant gets per table whether the table is full or empty; it captures both how often rooms are occupied and how much they are charged, making it a quick way for investors to compare demand, pricing power and operational efficiency across properties or time.
forward-looking statements regulatory
"Certain statements and assumptions in this press release contain or are based upon "forward-looking" information"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): April 23, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS employer identification number) | ||||||||||||
| (Address of principal executive offices) | (Zip code) | |||||||||||||
Registrant’s telephone number, including area code: (972 ) 490-9600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
ITEM 7.01 REGULATION FD DISCLOSURE.
On April 23, 2026, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing that its Board of Directors declared and set aside the April 2026 portion of the second quarter 2026 dividends for its 5.5% Series B Cumulative Convertible Preferred Stock, 8.25% Series D Cumulative Preferred Stock, Series E Redeemable Preferred Stock and Series M Redeemable Preferred Stock.
As of March 31, 2026, there were 11,388,459 shares of the Company's Series E Redeemable Preferred Stock and 1,379,289 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Form 8-K and Exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Number Exhibit Description
99.1 Press Release of the Company, dated April 23, 2026, furnished under Item 7.01, announcing the declaration of dividends
101 Inline Interactive Data Files.
104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BRAEMAR HOTELS & RESORTS INC. | ||||||||
| Dated: April 23, 2026 | By: | /s/ Jim Plohg | ||||||
| Jim Plohg | ||||||||
| Executive Vice President, General Counsel & Secretary | ||||||||
EXHIBIT 99.1
NEWS RELEASE
| Contact: | Justin Coe | Allison Beach | Joseph Calabrese | ||||||||
| Chief Accounting Officer | Media Contact | Financial Relations Board | |||||||||
| 972-778-9795 | abeach@ashfordinc.com | 212-827-3772 | |||||||||
BRAEMAR HOTELS & RESORTS DECLARES
MONTHLY PREFERRED DIVIDENDS FOR APRIL 2026
DALLAS, April 23, 2026 – Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today announced that its Board of Directors (the "Board") declared, and the Company set aside a partial cash dividend for the Company's 5.5% Series B Cumulative Convertible Preferred Stock equal to: $0.1146 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis.
The Board declared and the Company set aside a partial cash dividend for the Company's 8.25% Series D Cumulative Preferred Stock equal to: $0.17187 per diluted share, which will be paid on July 15, 2026 to stockholders of record as of June 30, 2026. This amount represents the monthly portion, or one-third, of the full quarterly dividend, which is being set aside each month but will be paid on a quarterly basis.
The Board declared a monthly cash dividend for all CUSIPs of the Company's Series E Redeemable Preferred Stock, payable as follows: $0.15625 per share will be paid on May 15, 2026, to stockholders of record as of April 30, 2026.
The Board declared a monthly cash dividend for CUSIPs 10482B705, 10482B887, 10482B796, and 10482B861 of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17917 per share will be paid on May 15, 2026 to stockholders of record as of April 30, 2026.
The Board declared a monthly cash dividend for all remaining CUSIPs of the Company's Series M Redeemable Preferred Stock payable as follows: $0.17708 per share will be paid on May 15, 2026 to stockholders of record as of April 30, 2026.
As of March 31, 2026, there were 11,388,459 shares of the Company's Series E Redeemable Preferred Stock and 1,379,289 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding.
About Braemar Hotels & Resorts
Braemar Hotels & Resorts Inc. (NYSE: BHR) is a real estate investment trust (REIT) focused on the high-growth luxury hotel and resort sector. The Company targets high-performance luxury urban and resort properties, specializing in assets that generate revenue per available room (RevPAR) at least twice the U.S. national average. Its industry-leading portfolio features luxury properties across the United States and the U.S. territories in the Caribbean. Externally advised by Ashford Hospitality Advisors LLC, Braemar leverages deep industry expertise and disciplined asset management to drive outsized performance.
Forward-Looking Statements
Certain statements and assumptions in this press release contain or are based upon "forward-looking" information and are being made pursuant to the safe harbor provisions of the federal securities regulations. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," or other similar words or expressions. Additionally, statements regarding the following subjects are forward-looking by their nature: our business and investment strategy; anticipated or expected purchases, sales or dispositions of assets; our projected operating results; completion of any pending transactions; our ability to restructure existing property-level indebtedness; our ability to secure additional financing to enable us to operate our business; our understanding of our competition; projected capital expenditures; and the impact of technology on our operations and business. Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. These and other risk factors are more fully discussed in the Company's filings with the SEC.
The forward-looking statements included in this press release are only made as of the date of this press release. Investors should not place undue reliance on these forward-looking statements. We will not publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations or otherwise except to the extent required by law.
FAQ
What preferred dividends did Braemar Hotels (BHR) declare for April 2026?
Braemar Hotels declared April 2026 dividends on its Series B, Series D, Series E, and Series M preferred stock. Amounts range from $0.1146 to $0.17917 per share, with payments scheduled in May and July 2026 depending on the series.
What is the April 2026 dividend for Braemar’s Series B preferred stock?
The April 2026 dividend for Braemar’s 5.5% Series B Cumulative Convertible Preferred Stock is $0.1146 per diluted share. This represents one-third of the quarterly dividend, to be paid on July 15, 2026 to holders of record on June 30, 2026.
What is the April 2026 dividend for Braemar’s Series D preferred stock?
The April 2026 dividend for Braemar’s 8.25% Series D Cumulative Preferred Stock is $0.17187 per diluted share. This is one-third of the full quarterly dividend, payable on July 15, 2026 to stockholders of record as of June 30, 2026.
How much will Series E preferred stockholders of Braemar Hotels receive in May 2026?
Holders of Braemar’s Series E Redeemable Preferred Stock will receive $0.15625 per share on May 15, 2026. The record date for this monthly dividend is April 30, 2026, and there were 11,388,459 Series E shares outstanding as of March 31, 2026.
What are the April 2026 dividend amounts for Braemar’s Series M preferred stock?
For certain Series M CUSIPs (including 10482B705 and 10482B887), Braemar declared $0.17917 per share. For the remaining Series M CUSIPs, the dividend is $0.17708 per share, both payable on May 15, 2026 to holders of record on April 30, 2026.
What type of company is Braemar Hotels & Resorts and what does it focus on?
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on high-growth luxury hotels and resorts. It targets properties generating RevPAR at least twice the U.S. national average, with a portfolio of luxury assets across the United States and Caribbean territories.