Braemar Hotels Declares February Preferred Dividends Across Four Stock Series

BenzingaBenzinga
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Key Takeaway

Braemar Hotels declares February preferred dividends across four stock series, with payments ranging from $0.1146 to $0.17917 per share payable in March-April 2026.

Braemar Hotels Declares February Preferred Dividends Across Four Stock Series

Braemar Hotels & Resorts Inc. (NYSE:BHR) has declared monthly preferred dividends payable in March and April 2026 across its multi-tiered preferred stock structure. The hotel real estate investment trust distributed dividends on four separate preferred share classes, reflecting the company's regular capital distribution schedule to preferred shareholders.

The dividend declarations include $0.1146 per share on the 5.5% Series B Cumulative Convertible Preferred Stock, $0.17187 per share on the 8.25% Series D Cumulative Preferred Stock, $0.15625 per share on Series E Redeemable Preferred Stock, and between $0.17917 and $0.17708 per share on Series M Redeemable Preferred Stock. Each preferred series carries distinct coupon rates and terms reflecting their respective priority in the company's capital structure.

These monthly dividend payments represent a consistent mechanism through which Braemar returns capital to preferred stockholders, a common practice among hotel REITs seeking to maintain investor relationships while managing their preferred equity obligations.

Source: Benzinga

Back to newsPublished Feb 23

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