DiamondRock Hospitality Company (NYSE:DRH) Raises Dividend to $0.11 Per Share

DiamondRock Hospitality Company (NYSE:DRH) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.11 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 22.2% increase from DiamondRock Hospitality’s previous quarterly dividend of $0.09.

DiamondRock Hospitality has a 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. 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 Stock Performance

NYSE DRH opened at $12.91 on Friday. The company has a fifty day moving average price of $12.00 and a 200-day moving average price of $10.60. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64. DiamondRock Hospitality has a 1 year low of $7.45 and a 1 year high of $13.24.

DiamondRock Hospitality (NYSE:DRH) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.22. The business had revenue of $318.29 million for the quarter, compared to analysts’ expectations of $314.98 million. DiamondRock Hospitality had a net margin of 5.69% and a return on equity of 4.04%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. DiamondRock Hospitality has set its FY 2026 guidance at 1.180-1.230 EPS. As a group, equities research analysts predict that DiamondRock Hospitality will post 0.96 EPS for the current fiscal 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.