Braemar hotels & resorts declares preferred dividends for third quarter of 2021

Dallas, july 14, 2021 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") announced today that its board of directors authorized, and the company declared, regular cash dividends on the company's outstanding shares of preferred stock for the third quarter ending september 30, 2021, as follows: a quarterly cash dividend of $0.3438 per share for the company's 5.50% series b cumulative convertible preferred stock, which equates to an annual rate of $1.375 per share, payable on october 15, 2021 to stockholders of record as of september 30, 2021; a quarterly cash dividend of $0.5156 per share for the company's 8.25% series d cumulative preferred stock, which equates to an annual rate of $2.0625 per share, payable on october 15, 2021 to stockholders of record as of september 30, 2021; monthly cash dividends for the company's series e redeemable preferred stock equal to a quarterly rate of $0.50 per share and an annual rate of $2.00 per share, payable as follows: $0.1666 per share will be paid on august 16, 2021 to stockholders of record as of july 30, 2021; $0.1666 per share will be paid on september 15, 2021 to stockholders of record as of august 31, 2021; and $0.1666 per share will be paid on october 15, 2021 to stockholders of record as of september 30, 2021; and monthly cash dividends for the company's series m redeemable preferred stock equal to a quarterly rate of $0.5125 per share and an annual rate of $2.05 per share, payable as follows: $0.1708 per share will be paid on august 16, 2021 to stockholders of record as of july 30, 2021; $0.1708 per share will be paid on september 15, 2021 to stockholders of record as of august 31, 2021; and $0.1708 per share will be paid on october 15, 2021 to stockholders of record as of september 30, 2021. as of july 9, 2021 there were 22,010 shares of the company's series e redeemable preferred stock and no shares of the company's series m redeemable preferred stock issued and outstanding.
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