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 fourth quarter ending December 31, 2022, of $0.3438 per diluted share, for the Company’s 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 17, 2023, to stockholders of record as of December 30, 2022.
The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2022, of $0.5156 per diluted share, for the Company’s 8.25% Series D Cumulative Preferred Stock. This dividend is payable on January 17, 2023, to stockholders of record as of December 30, 2022.
The Board declared a monthly cash dividend for the Company’s Series E Redeemable Preferred Stock equal to a quarterly rate of $0.4844 per share, payable as follows: $0.1614 per share will be paid on November 15, 2022 to stockholders of record as of October 31, 2022; $0.1614 per share will be paid on December 15, 2022 to stockholders of record as of November 30, 2022; and $0.1614 per share will be paid on January 17, 2023 to stockholders of record as of December 30, 2022.
The Board declared a monthly cash dividend for CUSIPs 10482B705 and 10482B887 of the Company’s Series M Redeemable Preferred Stock equal to a quarterly rate of $0.5188 per share, payable as follows: $0.1729 per share will be paid on November 15, 2022 to stockholders of record as of October 31, 2022; $0.1729 per share will be paid on December 15, 2022 to stockholders of record as of November 30, 2022; and $0.1729 per share will be paid on January 17, 2023 to stockholders of record as of December 30, 2022.
The Board declared a monthly cash dividend for all remaining CUSIPs of 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 November 15, 2022 to stockholders of record as of October 31, 2022; $0.1708 per share will be paid on December 15, 2022 to stockholders of record as of November 30, 2022; and $0.1708 per share will be paid on January 17, 2023 to stockholders of record as of December 30, 2022.
As of September 30, 2022, there were 8,880,432 shares of the Company’s Series E Redeemable Preferred Stock and 1,066,934 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.
