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DiamondRock Hospitality Company (the "Company") today announced it will redeem all 4,760,000 outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") on December 31, 2025 ("Redemption Date"). The Company intends to utilize approximately $121.5 million cash on hand to fund the redemption price of $25.00 per share, plus accrued and unpaid dividends up to, but not including the Redemption Date.
On November 19, 2025, the Company's Board of Directors declared a quarterly dividend of $0.515625 per share on its Series A Preferred Stock. The dividend is payable on December 31, 2025, to shareholders of record as of December 19, 2025.
Posted In: DRH
