Braemar hotels & resorts, inc. declares quarterly cash dividend on common stock and dividend on series b and d cumulative convertible preferred stock, payable on january 15, 2020; approves the company's dividend policy for 2020

Braemar hotels & resorts inc. announced that its board of directors declared a quarterly cash dividend of $0.16 per diluted share for the company's common stock for the fourth quarter ending december 31, 2019. the dividend, which equates to an annual rate of $0.64 per share, is payable on january 15, 2020, to shareholders of record as of december 31, 2019. the board declared a quarterly cash dividend of $0.3438 per diluted share for the company's 5.5% series b cumulative convertible preferred stock for the fourth quarter ending december 31, 2019. the dividend, which equates to an annual rate of $1.375 per share, is payable on january 15, 2020, to shareholders of record as ofdecember 30, 2019. the board declared a quarterly cash dividend of $0.5156 per diluted share for the company's 8.25% series d cumulative preferred stock for the fourth quarter ending december 31, 2019. the dividend, which equates to an annual rate of $2.0625 per share, is payable on january 15, 2020, to shareholders of record as of december 31, 2019. the board also approved the company's dividend policy for 2020. the company expects to pay a quarterly cash dividend of $0.16 per share for 2020, or $0.64 per share on an annualized basis. the board will continue to review its dividend policy on a quarter-to-quarter basis. the adoption of a dividend policy does not commit the board of directors to declare future dividends or the amount thereof.
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