#United States #dividends #Bethesda #hospitality #DiamondRock

DiamondRock Hospitality Company Announces Tax Treatment for 2024 Dividends

DiamondRock Hospitality Company, a leading player in the hospitality sector, has made significant announcements regarding the tax treatment for its 2024 dividend distributions. This announcement is particularly relevant for shareholders of the company's common and Series A preferred stocks as it outlines specific details that investors need to be aware of.

Overview of Dividend Distributions

The company has detailed a clear plan for its dividend distributions across the year. For holders of common stock designated under the ticker symbol DRH, there will be four distribution dates, with dividends distributed on a quarterly basis. The dividends are as follows:

• - March 29, 2024 - $0.030 per share
• - June 28, 2024 - $0.030 per share
• - September 30, 2024 - $0.030 per share
• - December 31, 2024 - a more substantial $0.230 per share

For shareholders of the Series A Preferred stock, represented by DRH Pr A, distributions will also occur quarterly with the following amounts:

• - March 18, 2024 - $0.515625 per share
• - June 18, 2024 - $0.515625 per share
• - September 20, 2024 - $0.515625 per share
• - December 20, 2024 - again $0.515625 per share

Understanding Tax Treatment

Shareholders are advised to consult their tax advisors to understand the specific implications of these dividends. Each distribution will include ordinary dividends, categorized under Box 1a, as well as Section 199A dividends, noted in Box 5 on recipients' tax documentation. For most shareholders, this means that while the dividends are stable, they may have variations in tax implications based on individual circumstances. This careful approach to dividend distribution reveals DiamondRock’s commitment to transparency and shareholder value.

About DiamondRock Hospitality Company

Founded as a self-managed real estate investment trust (REIT), DiamondRock specializes in owning and managing a diversified portfolio of quality hotels. The company houses a total of 37 premium hotels and resorts, strategically situated in both leisure-oriented destinations and key gateway markets across the United States. With over 10,000 rooms, the Company focuses on both notable global brand names and independent boutique hotels in the growing lifestyle segment.

For more information regarding DiamondRock and its offerings, stakeholders are encouraged to visit their official site at www.drhc.com.

In conclusion, as DiamondRock Hospitality Company moves forward into 2024, its dividend strategy not only reflects their operational health but also reinforces their commitment to enhancing shareholder relations. For investors in the hospitality industry, understanding the tax implications of such distributions could be vital in financial planning and investment strategies.