Braemar Hotels & Resorts Series B Preferred Shares Declare $0.3438 Quarterly Dividend
Braemar Hotels & Resorts Inc.'s 5.5% Cumulative Convertible Preferred Shares, Series B (ticker: BHR.PR.B), have declared a quarterly dividend of $0.3438 per share. The ex-dividend date is set for September 30, with the payment scheduled to be made on October 15. Shareholders must be registered as of September 30 to receive this payout. The forward yield based on the current price stands at approximately 9.64%, making it an attractive option for income-focused investors. This announcement comes amid ongoing market interest in Braemar's preferred shares, which have historically offered higher yields compared to its common stock due to liquidity and investment concerns surrounding the latter. The dividend declaration reflects continued stability from this segment of Braemar’s capital structure despite broader challenges facing the hospitality sector.
Topics: dividends hotel industry