DRH News and Press, Diamondrock Hospitality Company From 10/23/22

Summary U.S. equity markets rebounded with their best weekly gains since July after a decent start to corporate earnings season eased the seemingly-relentless selling pressure even as interest rates swelled to multi-decade-highs. Rebounding from two-year-lows and gaining for just ...

DiamondRock Hospitality ( NYSE: DRH ) authorizes to repurchase up to $200M shares through February 28, 2025. The timing and actual number of shares repurchased will depend on a variety of factors, including price and general business and market conditions. For furthe...

DIAMONDROCK HOSPITALITY COMPLETES $1.2 BILLION REFINANCING PR Newswire BETHESDA, Md. , Sept. 28, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it successfully refinanced its primary unsecured credit facility...

Summary DiamondRock owns a portfolio of hotels in the USA and is benefiting from the rebound in travel. The AFFO and AFFO per share increased by double digits compared to the second quarter of 2019, the last pre-COVID year. The rent hikes by the Fed have put pressure on the pr...

Summary COVID hit Hotel REITs extra hard, but this year has seen a great deal of leisure travel within the U.S. As a result, Hotel REITs are the fourth-best performing REIT sector of 2022 thus far. The forecast for earnings growth is outstanding, all across the Hotel REIT sect...

Summary U.S. equity markets posted their third-straight week of declines while interest rates pushed toward post-GFC highs as Fed officials doubled down on their hawkish pivot despite another slate of soft economic data. Extending a three-week selloff that has erased much of the m...

Summary The U.S. stock market had a mixed record for dividends in August 2022. Month-over-month, dividend increases were up, and dividend cuts were down. There were 3,728 U.S. firms declaring dividends in August 2022. 12 companies cut their dividends in August 2022, falling by...

DiamondRock Hospitality ( NYSE: DRH ) declares $0.03/share quarterly dividend , -76% decrease from prior dividend of $0.13. Forward yield 1.37% Payable Oct. 12; for shareholders of record Sept. 30; ex-div Sept. 29. See DRH Dividend Scorecard, Yield Chart,...

DIAMONDROCK HOSPITALITY DECLARES DIVIDEND OF $0.03 PER SHARE PR Newswire BETHESDA, Md. , Sept. 1, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Board of Directors has declared a quarterly dividen...

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL PR Newswire BETHESDA, Md. , Aug. 31, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third qua...