DiamondRock Hospitality (DRH) To Go Ex-Dividend on March 28th

Posted by Casey Walker on Mar 26th, 2025

DiamondRock Hospitality (NYSE:DRH – Get Free Report) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Friday, March 28th will be paid a dividend of 0.08 per share by the real estate investment trust on Friday, April 11th. This represents a $0.32 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Friday, March 28th. This is a 166.7% increase from DiamondRock Hospitality’s previous quarterly dividend of $0.03.

DiamondRock Hospitality has a dividend payout ratio of 68.1% indicating that its dividend is sufficiently covered by earnings. 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 $0.32 annual dividend with an expected future payout ratio of 31.4%.

DiamondRock Hospitality Price Performance

DRH opened at $7.89 on Wednesday. The firm’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $8.83. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.06 and a beta of 1.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. DiamondRock Hospitality has a 1 year low of $7.65 and a 1 year high of $10.00.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price objective on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.05.

Check Out Our Latest Stock Report on DiamondRock Hospitality

DiamondRock Hospitality Company Profile

(Get Free Report)

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.