DiamondRock Hospitality Shares Insights on 2024 Dividend Taxation

Understanding the Tax Treatment of 2024 Dividends

DiamondRock Hospitality Company has recently shared important updates regarding the tax implications for dividends in 2024. This information is particularly relevant for investors holding the Company’s common and Series A preferred stock.

Details of the 2024 Distributions

The Company, known by its ticker symbol NYSE: DRH, is a self-advised real estate investment trust (REIT) specializing in owning and managing a diverse portfolio of premium hotels. The specific distributions for the shareholders are as follows:

Common Stock Dividends

For the common stock, several distribution dates have been established, demonstrating the Company’s commitment to delivering value to its shareholders. Below are the key dates and amounts:

• Record Date: 3/29/2024, Payable Date: 4/12/2024, Total Distribution: $0.030000 per share
• Record Date: 6/28/2024, Payable Date: 7/12/2024, Total Distribution: $0.030000 per share
• Record Date: 9/30/2024, Payable Date: 10/11/2024, Total Distribution: $0.030000 per share
• Record Date: 12/31/2024, Payable Date: 1/14/2025, Total Distribution: $0.230000 per share

Series A Preferred Stock Dividends

In addition to common stock distributions, the Series A preferred stock holders will also receive dividends at the following intervals:

• Record Date: 3/18/2024, Payable Date: 3/29/2024, Total Distribution: $0.515625 per share
• Record Date: 6/18/2024, Payable Date: 6/28/2024, Total Distribution: $0.515625 per share
• Record Date: 9/20/2024, Payable Date: 9/30/2024, Total Distribution: $0.515625 per share
• Record Date: 12/20/2024, Payable Date: 12/31/2024, Total Distribution: $0.515625 per share

Investors' Advisory

Shareholders are strongly encouraged to consult their personal tax advisors to fully understand the tax treatment of these distributions. Each shareholder’s circumstances can significantly differ, so professional advice is essential to navigate individual tax responsibilities based on these dividend payments.

About DiamondRock Hospitality Company

DiamondRock Hospitality Company operates as a notable player in the real estate investment trust sector, with a focus on high-quality hotels and resorts. Currently, the Company boasts a well-curated portfolio of 37 hotels and resorts, totaling over 10,000 rooms across sought-after destinations and top gateway markets.

The diverse portfolio is not just a mixture of recognizable global brands, but also incorporates independent boutique hotels that cater to lifestyle-oriented travelers. This strategic positioning enables the Company to leverage the growing leisure travel market while providing unique experiences for its guests.

For additional insights on DiamondRock Hospitality Company and its offerings, please visit the Company’s official website.

Frequently Asked Questions

1. What is the significance of the announced dividends?

The dividends reflect DiamondRock Hospitality Company's ongoing commitment to return value to its shareholders, indicating strong financial health and strategic planning.

2. How can investors interpret the tax implications?

Investors should consult with tax professionals to understand how these dividends could impact their individual tax obligations.

3. When are the dividends for common and preferred stocks payable?

The dividends for common stock are payable on specific dates throughout 2024, while the Series A preferred stock dividends follow a similar distribution schedule.

4. Where can I find more information about DiamondRock?

Additional details about the Company and its investment strategies are available on its official website.

5. Why is it important to consult a tax advisor?

A tax advisor can provide personalized guidance based on your overall financial situation, ensuring that you comply with all fiscal responsibilities related to dividend income.

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