Braemar Hotels & Resorts Announces Q3 Dividend Payments

Dividend Declaration for Third Quarter
Braemar Hotels & Resorts Inc. (NYSE: BHR) has recently made a significant announcement regarding its quarterly cash dividend. The company's Board of Directors has declared a cash dividend of $0.05 per diluted share for the common stock for the third quarter. This declaration reflects Braemar's ongoing commitment to providing returns to its shareholders.
Details of the Dividend Payments
For the third quarter, ending September 30, a dividend of $0.05 per diluted share will be payable on October 15 to all stockholders of record as of September 30. This dividend represents an annual rate of $0.20 per share, highlighting the company’s successful operational performance and intention to reward its investors.
Preferred Stock Dividends
Additionally, the Board has taken steps to declare dividends for its preferred stock. A quarterly cash dividend of $0.3438 per diluted share has been established for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This will also be payable on October 15 to stockholders of record on September 30.
Series D Cumulative Preferred Stock
In a move to bolster investor confidence, Braemar has also declared a quarterly cash dividend of $0.5156 per diluted share for its 8.25% Series D Cumulative Preferred Stock. This demonstrates the company’s focus on maintaining strong relationships with its preferred stockholders.
Monthly Cash Dividend Announcements
Furthermore, the company has announced that all CUSIPs of the Series E Redeemable Preferred Stock will receive monthly cash dividends. Stockholders will see payments of $0.15625 per share scheduled for August 15, September 15, and October 15, contingent on their respective record dates.
Consistency in Dividend Payments
For the Series M Redeemable Preferred Stock, dividends will be paid monthly at the rate of $0.17917 per share for specific CUSIPs on the same schedule, ensuring careful planning and predictability for investors. This consistency reflects Braemar's strategic management of its dividend policies across its various stock classes.
Financial Health and Future Outlook
As of June 30, the company reported having 13,391,250 shares of Series E Redeemable Preferred Stock and 1,420,421 shares of Series M Redeemable Preferred Stock outstanding. These figures underline the strong asset base Braemar maintains in the competitive hospitality investment sector.
The Company’s Vision and Commitment
Braemar Hotels & Resorts primarily operates as a real estate investment trust (REIT) that specializes in luxury hotels and resorts. The company's mission revolves around investing in premier properties that provide exceptional experiences for guests while generating substantial value for its shareholders.
Frequently Asked Questions
What is the amount of the quarterly dividend declared by Braemar?
The quarterly dividend declared by Braemar Hotels & Resorts is $0.05 per diluted share for the common stock.
When will the dividend payments be made?
The dividend payments will be made on October 15 for stockholders of record as of September 30.
What is the significance of the preferred stock dividends announced?
The preferred stock dividends reflect Braemar's commitment to returning value to shareholders and maintaining strong investor relations.
How does Braemar ensure consistent dividend payments?
Braemar's strategy involves careful financial management and planning, which supports the sustained payment of dividends across its various stock classes.
What type of properties does Braemar invest in?
Braemar Hotels & Resorts invests in luxury hotels and resorts, focusing on creating premier experiences for guests.
About The Author
Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.