Braemar Hotels & Resorts Inc. Announces March 2026 Preferred Dividends

Braemar Hotels & Resorts Inc. (NYSE: BHR) has issued a significant announcement that should be of keen interest to shareholders, especially those invested in its preferred stock classes. On March 24, 2026, the company revealed that its Board of Directors has declared monthly dividends for March 2026 on multiple preferred stock series. This news is price-sensitive, as dividend declarations directly impact yield and can influence share values, especially for preferred and income-focused investors.

Key Points from the Report

• Dividend Declarations: The Board approved monthly cash dividends for the following preferred stock series:
  • 5.5% Series B Cumulative Convertible Preferred Stock (NYSE: BHR-PB)
  • 8.25% Series D Cumulative Preferred Stock (NYSE: BHR-PD)
  • Series E Redeemable Preferred Stock
  • Series M Redeemable Preferred Stock
• Payment Details:
  • Series B (BHR-PB): \$0.1146 per diluted share for March, plus two previous months totaling \$0.3438, payable April 15, 2026 to shareholders of record as of March 30, 2026.
  • Series D (BHR-PD): \$0.17186 per diluted share for March, plus two previous months totaling \$0.5156, payable April 15, 2026 to shareholders of record as of March 31, 2026.
  • Series E: \$0.15625 per share, payable April 15, 2026 to shareholders of record as of March 31, 2026.
  • Series M: \$0.17917 per share for CUSIPs 10482B705, 10482B887, and 10482B796, payable April 15, 2026 to shareholders of record as of March 31, 2026.
• Outstanding Shares:
  • 11,528,242 shares of Series E Redeemable Preferred Stock
  • 1,382,407 shares of Series M Redeemable Preferred Stock
• Record Dates: Dividends will be paid to shareholders who are on record as of March 30 or 31, 2026, depending on the series.

Implications for Shareholders

• Income Certainty: The declaration of dividends demonstrates Braemar’s ongoing commitment to reward preferred shareholders, a positive signal regarding the company’s liquidity and financial stability.
• Multiple Months Paid: For Series B and Series D preferred shareholders, the payment includes not just the March dividend but also the previous two months, which could be a catch-up or restore confidence in the consistency of preferred dividends.
• Potential Price Impact: Dividend announcements often influence share prices, particularly for preferred stocks. The catch-up payments and affirmation of monthly payouts can attract income-seeking investors and support the trading prices of BHR-PB, BHR-PD, and potentially the other preferred series.
• Record Date Importance: Investors must hold shares by the record date to receive the dividends. Any trades after the record date will not entitle the buyer to the announced payments.
• Forward-Looking Statements: The company cautions that forward-looking statements (including dividend continuity, financial stability, etc.) are subject to risks and uncertainties. Investors should review SEC filings for risk factors.

Additional Details

• Contact Information:
  • Chief Financial Officer: Deric Eubanks
  • Media Contact: Allison Beach ([email protected])
  • Financial Relations Board: Joseph Calabrese
  • Phone: (972) 490-9600
  • Media: (212) 827-3772
• Exchange Listings:
  • Common Stock (BHR), Preferred Series B (BHR-PB), Preferred Series D (BHR-PD) are listed on the NYSE.

Conclusion

The March 2026 dividend declaration by Braemar Hotels & Resorts Inc. is a key event for preferred shareholders, affirming the company’s ability and willingness to meet its obligations. The inclusion of payments for previous months is particularly noteworthy and may reflect either a catch-up of deferred dividends or a reaffirmation of dividend policy. Such news can be price-moving, especially given the stability it signals to the market. Investors should pay close attention to record dates and review the company’s SEC filings for risk disclosures and forward-looking statements.

Disclaimer: The information provided in this article is based on Braemar Hotels & Resorts Inc.’s SEC filings and press releases. This is not investment advice. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. All forward-looking statements are subject to risks and uncertainties as outlined in the company’s filings with the SEC.

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