BHR Buyback

Braemar Hotels & Resorts Inc. Buyback

OLI recorded this information on 12/8/2022

Company:

Braemar Hotels & Resorts Inc.

Buyback:

BHR buyback

$Amount Authorized:

$25,000,000

Buyback Details:

Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that its Board of Directors increased its quarterly cash dividend from $0.01 per share to $0.05 per share beginning with the Company's common stock dividend for the fourth quarter ending December 31, 2022. The dividend, which equates to an annual rate of $0.20 per share, is payable on January 17, 2023, to stockholders of record as of December 30, 2022. The Company also announced that its Board of Directors has authorized a stock repurchase program of up to $25 million. The Company intends to begin share repurchases as soon as practicable and may repurchase shares through open market transactions, privately negotiated transactions or other means. The timing and amount of any transactions will be subject to the discretion of the Company based upon market conditions, and the program may be suspended or terminated at any time by the Company at its discretion without prior notice. The Board's authorization replaced any previous repurchase authorizations.

Braemar Hotels & Resorts invests in hotels and resorts. Co. conducts its business and owns substantially all of its assets through its operating partnership, Braemar Hospitality Limited Partnership. Co. operates in the hotel investment segment of the hotel lodging industry. Co. owns interests in hotel properties in several states, the District of Columbia and St. Thomas, U.S. Virgin Islands, excluding those attributable to its joint venture partner. The hotel properties in Co.'s portfolio are mainly located in U.S. urban and resort locations. Co. owns most of its hotel properties, and the remaining hotel properties through an investment in a majority-owned consolidated joint venture entity.

BHR SEC Filing Email Alerts Service

BHR — Key Stats (updated 2 hours, 14 minutes ago)

Company Name:	Braemar Hotels & Resorts Inc
Stock buyback:	BHR buyback
Website:	www.bhrreit.com
Sector:	Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding BHR:	16
Total Market Value Held by ETFs:	$16.90M
Total Market Capitalization:	$174.00M
% of Market Cap. Held by ETFs:	9.71%

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Braemar Hotels & Resorts Inc. Buyback

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