Braemar Hotels & Resorts Declares Q4 Preferred Dividends
Braemar Hotels & Resorts, Inc. (BHR) has declared cash dividends for its preferred shares covering the fourth quarter. The real estate investment trust announced quarterly distributions of $0.3438 per share for Series B and $0.5156 per share for Series D preferred stock. In addition, the company set monthly dividend payments across November, December, and January for Series E at $0.15625 per share, along with Series M payouts ranging between $0.17708 and $0.18125 per share.
The distributions maintain regular cash returns for income-focused shareholders. However, fulfilling these dividend commitments requires ongoing capital management. Braemar currently has 8.15 million Series E shares and 1.27 million Series M shares outstanding, with redemption queues standing at 2.45 million shares for Series E and 91,000 shares for Series M.
Investors will monitor how the REIT manages cash coverage for these preferred dividends alongside its broader refinancing and redemption obligations moving forward.
Key points
- Braemar Hotels & Resorts, Inc. (BHR) declared fourth-quarter payouts of $0.3438 per share for Series B and $0.5156 per share for Series D preferred stock.
- Monthly preferred payouts for November, December, and January were set at $0.15625 per share for Series E and between $0.17708 and $0.18125 per share for Series M.
- Outstanding preferred stock includes 8.15 million Series E shares and 1.27 million Series M shares.
- Redemption requests reach 2.45 million shares for Series E and 91,000 shares for Series M.
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What are the Q4 preferred dividend amounts for Braemar Hotels?
Braemar declared quarterly cash dividends of $0.3438 per share for Series B and $0.5156 for Series D. Series E monthly dividends are $0.15625 per share, and Series M monthly dividends range from $0.17708 to $0.18125 per share.
When will Braemar Hotels pay its preferred stock dividends?
The declared monthly and quarterly preferred stock distributions will be paid in November, December, and January to stockholders of record on specified dates.
How many preferred share redemptions does Braemar currently face?
Braemar has pending redemption requests totaling 2.45 million shares for Series E preferred stock and 91,000 shares for Series M preferred stock.