DiamondRock Hospitality: Balance Sheet Strength Indicates Stable Preferred Dividend Coverage

jewhyte/iStock via Getty Images Introduction I like preferred shares as a subdivision of my income portfolio, and my main focus is obviously on the issuer's ability to pay the preferred dividends while the balance sheet strength also plays an important role. The REIT's management team also calls value creation its 'magnetic north', and that definitely is an attitude I like to see. I have been keeping an eye on DiamondRock Hospitality's (NYSE:DRH) preferred shares and I used to have a long position which I s ...