Braemar Hotels & Resorts (NYSE:BHR) to Issue Quarterly Dividend of $0.05

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) declared a quarterly dividend on Thursday, April 10th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.05 per share on Tuesday, July 15th. This represents a $0.20 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Monday, June 30th.

Braemar Hotels & Resorts has a payout ratio of -14.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Braemar Hotels & Resorts to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 47.6%.

Braemar Hotels & Resorts Stock Performance

Braemar Hotels & Resorts stock traded up $0.03 during trading on Tuesday, hitting $1.99. The stock had a trading volume of 259,187 shares, compared to its average volume of 289,658. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. The stock's 50 day moving average is $2.63 and its two-hundred day moving average is $2.92. Braemar Hotels & Resorts has a 1 year low of $1.83 and a 1 year high of $3.95. The stock has a market cap of $133.09 million, a price-to-earnings ratio of -2.58 and a beta of 1.59.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).