Tuesday, October 8, 2024 Braemar Hotels & Resorts Inc. has announced that its Board of Directors has approved a series of cash dividends for the fourth quarter of 2024, set to benefit common and preferred stockholders. A quarterly dividend of $0.
05 per diluted share has been declared for the Company’s common stockholders, which amounts to an annualized payout of $0.20 per share. This dividend is scheduled for distribution on January 15, 2025, to stockholders recorded as of December 31, 2024.
For holders of the Company’s 5.5% Series B Cumulative Convertible Preferred Stock, the Board has declared a quarterly cash dividend of $0.3438 per diluted share, also payable on January 15, 2025.
Stockholders eligible for this dividend will be those recorded by December 30, 2024. The 8.25% Series D Cumulative Preferred Stock will see a quarterly cash dividend of $0.
5156 per diluted share, with the same payout date of January 15, 2025, and a record date of December 31, 2024. In addition, monthly dividends have been declared for the Series E Redeemable Preferred Stock. These will be distributed as follows: $0.
15625 per share payable on November 15, 2024, for those on record by October 31, 2024; another $0.15625 per share on December 16, 2024, for stockholders recorded as of November 29, 2024; and a final dividend of $0.15625 per share on January 15, 2025, for those on record by December 31, 2024.
The Board has also approved monthly dividends for the Series M Redeemable Preferred Stock. .