DiamondRock Hospitality Company (DRH) to Distribute Quarterly Dividend of $0.09 on July 14th

DiamondRock Hospitality Company (NYSE:DRH) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.09 per share by the real estate investment trust on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, June 30th.

DiamondRock Hospitality has a payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect DiamondRock Hospitality to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.3%.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $12.46 on Friday. The firm has a 50-day moving average of $11.08 and a two-hundred day moving average of $10.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $2.55 billion, a P/E ratio of 49.86, a PEG ratio of 4.50 and a beta of 1.00. DiamondRock Hospitality has a 1-year low of $7.45 and a 1-year high of $12.54.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of upscale, full-service hotels in urban gateway markets across the United States. Established in 2004 and headquartered in Bethesda, Maryland, the company focuses on investing in high-quality lodging properties that cater to both business and leisure travelers. Its assets are positioned in key metropolitan areas, enabling DiamondRock to benefit from strong demand drivers such as corporate travel, group conventions and resort leisure stays.

The company’s portfolio includes full-service hotels offering a broad range of amenities, including guest rooms, on-site food and beverage outlets, meeting and event space, fitness centers and spa services.