LuxUrban Hotels Inc. (LUXHP) to Issue Monthly Dividend of $0.27 on December 30th

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Monday, December 2nd,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.2708 per share on Monday, December 30th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 20.90%. The ex-dividend date of this dividend is Monday, December 16th.

LuxUrban Hotels Stock Performance

Shares of LUXHP stock remained flat at $15.55 during midday trading on Friday. 145 shares of the stock were exchanged, compared to its average volume of 3,654. LuxUrban Hotels has a 52 week low of $11.89 and a 52 week high of $24.80. The business’s fifty day moving average price is $14.88 and its 200 day moving average price is $15.01.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc engages in the leasing of entire existing hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.