Braemar Hotels & Resorts Announces Third Quarter 2026 Dividends for Preferred Stocks
Key Highlights
- Dividend Declarations: The Board of Directors of Braemar Hotels & Resorts Inc. has declared third quarter 2026 dividends for its Series B, Series D, Series E, and Series M Preferred Stocks.
- Record and Payment Dates:
- Dividends will be paid monthly in August, September, and October 2026 for both Series E and Series M Preferred Stocks.
- The record dates for each monthly payment are the last day of the preceding month.
- Outstanding Shares:
- As of June 30, 2026, there are 10,775,131 shares of Series E Redeemable Preferred Stock and 1,364,272 shares of Series M Redeemable Preferred Stock outstanding.
- Dividend Amounts:
- Series E Redeemable Preferred Stock: \$0.15625 per share per month.
- Series M Redeemable Preferred Stock (CUSIP 10482B705): \$0.18125 per share per month.
- Other Series M CUSIPs (10482B887, 10482B796, 10482B861, 10482B770): \$0.17917 per share per month.
- Exchanges: All relevant securities are listed on the New York Stock Exchange under the symbols BHR (common), BHR-PB (Series B), and BHR-PD (Series D).
Details of the Dividend Declaration
On July 24, 2026, Braemar Hotels & Resorts Inc. announced that its Board of Directors has declared cash dividends for the following preferred stock series:
- 5.5% Series B Cumulative Convertible Preferred Stock
- 8.25% Series D Cumulative Preferred Stock
- Series E Redeemable Preferred Stock
- Series M Redeemable Preferred Stock
For the Series E Redeemable Preferred Stock, shareholders of record as of July 31, 2026 will receive a cash dividend of \$0.15625 per share paid on August 17, 2026. The same amount will be paid on September 15, 2026 (record date August 31, 2026) and October 15, 2026 (record date September 30, 2026).
For Series M Redeemable Preferred Stock, the dividend is differentiated by CUSIP:
- CUSIP 10482B705: \$0.18125 per share per month for August, September, and October 2026, with record dates as above.
- CUSIPs 10482B887, 10482B796, 10482B861, 10482B770: Holders will receive \$0.17917 per share per month, also on the same schedule.
Potential Impact for Shareholders
- Regular Dividend Income: The consistent dividend declarations and clear payment schedule provide preferred shareholders with predictable income, which is especially valuable in uncertain market environments.
- Price Sensitivity: While the announcement does not indicate a change in dividend rates, any news on dividend continuity or changes can impact preferred share prices and yield-sensitive investors.
- Outstanding Share Counts: The significant number of outstanding preferred shares highlights the company’s capital structure and could affect dilution, pricing, or liquidity for these instruments.
- No Reference to Common Stock Dividends: The announcement does not mention dividends for common shareholders, which may be notable for investors focused on the common stock.
- Forward-Looking Statements: The company includes standard cautionary language regarding forward-looking statements, emphasizing that actual results may differ due to various risks and uncertainties.
Other Important Information
- SEC Filings: The information is furnished under Item 7.01 (Regulation FD Disclosure) and Item 9.01 (Financial Statements and Exhibits) of Form 8-K, and not deemed “filed” for Section 18 of the Exchange Act, nor incorporated by reference except as expressly stated.
- Company Contact: The press release lists contacts for further information, including the Chief Accounting Officer and Financial Relations Board representatives.
- Emerging Growth Company Status: The company does not qualify as an emerging growth company under SEC definitions.
Conclusion
The declaration of regular dividends for Series B, Series D, Series E, and Series M Preferred Stock underlines Braemar Hotels & Resorts Inc.’s commitment to delivering value to its preferred shareholders. While this may not represent a change from prior quarters, the confirmation of ongoing dividends can impact share pricing, especially for income-focused investors. The maintenance of dividends may be viewed positively in the current market environment, reflecting the company’s financial stability and cash flow management.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should review the official SEC filings and consult with a qualified financial advisor before making any investment decisions. The information is based on public disclosures and may be subject to change or clarification by the company.
