Braemar hotels & resorts announces increase in common dividend and new stock repurchase authorization

Quarterly common stock dividend increased to $0.05 per share board of directors authorizes $25 million for share repurchases dallas , dec. 8, 2022 /prnewswire/ -- 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.
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