Park Hotels & Resorts Unveils Tax Implications for 2024 Dividends
Understanding Park Hotels & Resorts' 2024 Dividend Tax Reporting
Park Hotels & Resorts Inc. (NYSE:PK) has recently shared crucial information regarding the tax treatment of its cash distributions for the year 2024. These details are vital for shareholders who want to maximize their investment returns while ensuring they are compliant with tax regulations.
Overview of the Cash Distributions
The company declared a total distribution of $1.40 per share for 2024. These distributions will be made over several dates that shareholders should keep in mind. They reflect Park's commitment to providing consistent returns to its valued investors.
Scheduled Payment Dates
The distribution schedule for shareholders consists of the following payments:
- $0.25 on April 15, 2024
- $0.25 on July 15, 2024
- $0.25 on October 15, 2024
- $0.65 on January 15, 2025
Tax Classification of Dividends
For income tax purposes, the classifications of these dividends are important. The total payments for 2024 will be categorized as follows:
- $1.285731 (approximately 91.84%) will be classified as ordinary dividends.
- $0.114269 (approximately 8.16%) will be recognized as a capital gain distribution.
2024 Dividend Tax Reporting Information
The company will provide shareholders with Form 1099-DIV, summarizing the tax implications. Here’s a quick breakdown:
- Record Date: March 29, 2024
- Payable Date: April 15, 2024
- Dividend Per Share: $0.25
- Total Ordinary Dividends: $0.229595
- Total Capital Gain Distribution: $0.020405
About Park Hotels & Resorts
With a focus on premium hospitality, Park Hotels & Resorts operates one of the largest portfolios of publicly traded lodging REITs. Its collection features 40 premium-branded hotels and resorts, offering around 25,000 rooms in high-demand urban and tourist destinations. This vast portfolio underscores Park's strategic positioning within the hospitality sector.
Staying Informed
Investors are encouraged to stay updated with company announcements and financial reports by visiting Park's official website. This practice ensures stakeholders remain informed about financial performance and future developments.
Frequently Asked Questions
1. What is the total amount of dividends declared for 2024?
The total amount of dividends declared for 2024 is $1.40 per share.
2. How often will dividends be paid in 2024?
Dividends will be paid four times in 2024 on specified dates throughout the year.
3. What are the tax implications for these dividends?
The dividends are classified into ordinary dividends and capital gain distributions, impacting how investors report their earnings.
4. When will the first dividend be paid?
The first dividend payment of $0.25 will be made on April 15, 2024.
5. Where can I find more information on Park Hotels & Resorts?
For more information, visit Park Hotels & Resorts' official website to access detailed insights and updates.
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