DALLAS - Braemar Hotels & Resorts Inc. (NYSE: NYSE:BHR) has declared quarterly cash dividends for its common and preferred stocks for the first quarter ending March 31, 2024, as announced by the company's Board of Directors. The dividends are scheduled for payment on April 15, 2024, to stockholders of record by March 28, 2024.
The declared dividend for the company's common stock is $0.05 per diluted share, which translates to an annual rate of $0.20 per share. For the 5.5% Series B Cumulative Convertible Preferred Stock, the payout is $0.3438 per diluted share. Stockholders of the 8.25% Series D Cumulative Preferred Stock will receive $0.5156 per diluted share.
Additionally, monthly dividends for the Series E Redeemable Preferred Stock have been set at a quarterly rate of $0.46875 per share, with payments distributed on February 15, March 15, and April 15, 2024. The Series M Redeemable Preferred Stock will follow a similar monthly schedule, with dividends based on CUSIP numbers. One set of CUSIPs will receive $0.52500 per share quarterly, while the remaining CUSIPs will receive $0.51875 per share quarterly.
Braemar Hotels & Resorts, a real estate investment trust, specializes in luxury hotels and resorts. As of the end of last year, there were 16,316,314 shares of the Series E Redeemable Preferred Stock and 1,832,805 shares of the Series M Redeemable Preferred Stock issued and outstanding.
This announcement is based on a press release statement and the information provided is intended for general informational purposes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.