DiamondRock Hospitality Company (DRH) to Issue Quarterly Dividend of $0.09 on April 14th

DiamondRock Hospitality Company (NYSE:DRH) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.09 per share by the real estate investment trust on Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. This is a 12.5% increase from DiamondRock Hospitality’s previous quarterly dividend of $0.08.

DiamondRock Hospitality has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect DiamondRock Hospitality to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.3%.

DiamondRock Hospitality Price Performance

Shares of NYSE DRH opened at $9.32 on Friday. The company has a market capitalization of $1.91 billion, a PE ratio of 37.28, a P/E/G ratio of 4.50 and a beta of 0.98. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. DiamondRock Hospitality has a twelve month low of $6.18 and a twelve month high of $10.67. The firm has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $8.94.

DiamondRock Hospitality (NYSE:DRH) last issued its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The business had revenue of $274.53 million for the quarter, compared to analysts’ expectations of $273.18 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2026 guidance at 1.090-1.160 EPS. On average, sell-side analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current year.

About DiamondRock Hospitality

DiamondRock Hospitality Company is a real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of upscale, full-service hotels in urban gateway markets across the United States. Established in 2004 and headquartered in Bethesda, Maryland, the company focuses on investing in high-quality lodging properties that cater to both business and leisure travelers. Its assets are positioned in key metropolitan areas, enabling DiamondRock to benefit from strong demand drivers such as corporate travel, group conventions and resort leisure stays.

The company’s portfolio includes full-service hotels offering a broad range of amenities, including guest rooms, on-site food and beverage outlets, meeting and event space, fitness centers and spa services.