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Ex-Div Reminder for Braemar Hotels & Resorts Series D Cumulative Preferred Stock

On 9/27/19, Braemar Hotels & Resorts Inc's 8.25% Series D Cumulative Preferred Stock (Symbol: BHR.PRD) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 10/15/19. As a percentage of BHR.PRD's recent share price of $26.50, this dividend works out to approximately 1.95%, so look for shares of BHR.PRD to trade 1.95% lower — all else being equal — when BHR.PRD shares open for trading on 9/27/19. On an annualized basis, the current yield is approximately 7.78%, which compares to an average yield of 6.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of BHR.PRD shares, versus BHR:

Performance Comparison Chart

Below is a dividend history chart for BHR.PRD, showing historical dividends prior to the most recent $0.5156 on Braemar Hotels & Resorts Inc's 8.25% Series D Cumulative Preferred Stock:

BHR.PRD+Dividend+History+Chart

In Wednesday trading, Braemar Hotels & Resorts Inc's 8.25% Series D Cumulative Preferred Stock (Symbol: BHR.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: BHR) are up about 0.5%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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