Business
BRAEMAR HOTELS & RESORTS INC. PROVIDES DIVIDEND POLICY CLARIFICATIONS
Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company") announced today clarifications about its first quarter preferred dividend declarations and 2026 common dividend policy.
About this update from Braemar Hotels & Resorts Inc.
[{"type":"text","content":"DALLAS, Feb. 2, 2026 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company") announced today clarifications about its first quarter preferred dividend declarations and 2026 common dividend policy.","length":228,"tagName":"p"},{"type":"text","content":"Richard Stockton, President & Chief Executive Officer of the Company stated, "We are updating our preferred equity securities dividend declaration process to align the dividend cycles of our different preferred stock share classes in conjunction with the Company's previously announced Company Sale process. Because our Series B and Series D preferred stock are pari passu with our Series E and Series M preferred stock with respect to distributions, they must receive equitable treatment regarding dividend declarations. To manage this consistently, we are moving from declaring Series B and Series D dividends at the start of the quarter to "reserving" them on a monthly basis alongside our other Series E and Series M monthly dividend declarations. This ensures all parity requirements with respect to distributions across all of our series of preferred stock are met while maintaining the actual quarterly payment of our Series B and Series D preferred stock on or near the 15th of the month following quarter-end. This also gives us flexibility in the event that we have a strategic transaction that requires a redemption or conversion of the preferred equity securities outstanding during the middle of a quarter."","length":1443,"tagName":"p"},{"type":"text","content":"He continued, "Please note that the dividend calculation rates remain unchanged and continue to follow the respective Articles Supplementary for each series of our preferred stock."","length":196,"tagName":"p"},{"type":"text","content":""As for our common equity dividend policy, the Board has not declared a policy for 2026 in light of the fact that there is an ongoing Company Sale Process, which could result in the Company's assets being sold in more than one transaction with net proceeds being distributed to shareholders after satisfying the Company's...