Braemar Hotels & Resorts Declares Preferred Dividends for Q2 2022
April 7, 2022 | Braemar Hotels & Resorts Inc.
Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) announced today that its Board of Directors (the “Board”) declared a quarterly cash dividend for the second quarter ending June 30, 2022, of $0.3438 per diluted share, for the Company’s 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022.
The Board declared a quarterly cash dividend for the second quarter ending June 30, 2022, of $0.5156 per diluted share, for the Company’s 8.25% Series D Cumulative Preferred Stock. This dividend is payable on July 15, 2022, to stockholders of record as of June 30, 2022.
The Board declared a monthly cash dividend for the Company’s Series E Redeemable Preferred Stock equal to a quarterly rate of $0.50 per share, payable as follows: $0.1666 per share will be paid on May 16, 2022 to stockholders of record as of April 29, 2022; $0.1666 per share will be paid on June 15, 2022 to stockholders of record as of May 31, 2022; and $0.1666 per share will be paid on July 15, 2022 to stockholders of record as of June 30, 2022.
The Board declared a monthly cash dividend for the Company’s Series M Redeemable Preferred Stock equal to a quarterly rate of $0.5125 per share, payable as follows: $0.1708 per share will be paid on May 16, 2022 to stockholders of record as of April 29, 2022; $0.1708 per share will be paid on June 15, 2022 to stockholders of record as of May 31, 2022; and $0.1708 per share will be paid on July 15, 2022 to stockholders of record as of June 30, 2022.
As of March 31, 2022, there were 3,191,495 shares of the Company’s Series E Redeemable Preferred Stock and 62,444 shares of the Company’s Series M Redeemable Preferred Stock issued and outstanding.
Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.
