DiamondRock Hospitality (DRH) Declares $0.23 Dividend

DiamondRock Hospitality (NYSE: DRH) declared a quarterly dividend of $0.23 per share.

The dividend will be payable on January 14, 2025, to stockholders of record on December 31, 2024, with an ex-dividend date of December 30, 2024.

• DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a fourth quarter dividend of $0.23 per common share, which includes the Company's regular quarterly dividend of $0.03 per common share, along with a stub dividend of $0.20 per common share. The dividend will be paid on January 14, 2025 to shareholders of record as of December 31, 2024.
• The fourth quarter dividend, together with the regular dividends declared for the first three quarters of 2024, total $0.32 per share and represent an annual yield of 3.3% based on the closing stock price on December 6, 2024. The Company expects to declare regular quarterly dividends of $0.08 per common share in 2025 and, depending on its 2025 operating income, a stub dividend in the fourth quarter of 2025.
• 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 December 31, 2024 to shareholders of record as of December 20, 2024.

For a dividend history and other dividend-related data on DiamondRock Hospitality (DRH) click here.

You May Also Be Interested In

• Washington Federal (WAFD) Declares $0.27 Quarterly Dividend; 2.8% Yield
• Exchange Income raises guidance and dividend after record Q2
• Aardvark Therapeutics (AARD) Tops Q2 EPS by 21c