BRAEMAR HOTELS & RESORTS INC. (NYSE: BHR) Files An 8-K Regulation FD DisclosureITEM 7.01 REGULATION FD DISCLOSURE.
On December 10, 2018, Braemar Hotels & Resorts Inc. (the “Company”) issued a press release announcing that its Board of Directors:
a) declared a common stock dividend for the fourth quarter ending December 31, 2018, of $0.16 per diluted share, payable January 15, 2019, to shareholders of record as of December 31, 2018;
b) declared a dividend for the fourth quarter ending December 31, 2018, of $0.3438 per diluted share, for the Company’s 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018; and
c) declared a dividend for the fourth quarter ending December 31, 2018, of $0.234896 per diluted share, for the Company’s 8.25% Series D Cumulative Convertible Preferred Stock. This dividend is pro-rated for the number of days the Series D Cumulative Preferred Stock was outstanding during the quarter. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018.
The Board also approved the Company's dividend policy for 2019. The Company expects to pay a quarterly cash dividend of $0.16 per share for 2019, or $0.64 per share on an annualized basis. The Board will continue to review its dividend policy on a quarter-to-quarter basis. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof.
A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Number Exhibit Description
Braemar Hotels & Resorts Inc. ExhibitEX-99.1 2 bhr2018q4dividendpr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1 NEWS RELEASEContact:Deric EubanksJordan JenningsJoseph Calabrese Chief Financial OfficerInvestor RelationsFinancial Relations Board (972) 490-9600(972) 778-9487(212) 827-3772BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR FOURTH QUARTER Of 2018 AND ISSUES GUIDANCE FOR 2019 DIVIDENDSDALLAS,…To view the full exhibit click here