Braemar Hotels & Resorts Declares $0.5156 Quarterly Dividend on Series D Preferred Shares
Braemar Hotels & Resorts has declared a quarterly dividend of $0.5156 per share for its 8.25% Cumulative Preferred Shares, Series D (NYSE: BHR.PR.D). The dividend is payable on October 15 to shareholders of record as of September 30, with an ex-dividend date also set for September 30. The forward yield based on this payout stands at approximately 11.84%, which could attract income-focused investors seeking high-yield opportunities in the real estate sector. The announcement comes amid ongoing challenges faced by Braemar’s common stock, with reports suggesting it may be considered uninvestable due to its volatility and performance. This dividend declaration reflects continued support for preferred shareholders despite broader uncertainties affecting the company's operations and market perception.
Tickers: $BHR PRD
Topics: dividends hotel industry