Braemar Hotels & Resorts Inc. has announced that its Board of Directors has declared a series of quarterly and monthly cash dividends for the third quarter ending September 30, 2024.
For the Company’s common stock, the Board has approved a quarterly cash dividend of $0.05 per diluted share. This translates to an annual rate of $0.20 per share and will be paid on October 15, 2024, to shareholders recorded as of September 30, 2024.
The Board has also declared quarterly cash dividends for the Company’s preferred stock.
Series E Redeemable Preferred Stock:
Monthly cash dividends have been declared for all CUSIPs of the Company’s Series E Redeemable Preferred Stock. The specific amount of these dividends has not been disclosed in the press release.Series M Redeemable Preferred Stock:
Monthly cash dividends have also been declared for various CUSIPs of the Company’s Series M Redeemable Preferred Stock. The specific amounts of these dividends have not been disclosed in the press release.As of June 30, 2024, Braemar had 16,142,350 shares of Series E Redeemable Preferred Stock and 1,622,772 shares of Series M Redeemable Preferred Stock issued and outstanding.
Braemar Hotels & Resorts Inc. is a real estate investment trust (REIT) that focuses on investing in luxury hotels and resorts.
