BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE THIRD QUARTER OF 2024

Core Viewpoint - Braemar Hotels & Resorts Inc. has declared multiple cash dividends for its various classes of preferred and common stock, indicating a commitment to returning value to shareholders [8][9][12]. Dividend Declarations - The Board declared a quarterly cash dividend of $0.3438 per diluted share for the Company's 5.5% Series B Cumulative Convertible Preferred Stock, payable on October 15, 2024, to stockholders of record as of September 30, 2024 [1]. - A monthly cash dividend of $0.15625 per share for the Series E Redeemable Preferred Stock will be paid on August 15, September 16, and October 15, 2024, to stockholders of record as of July 31, August 30, and September 30, 2024, respectively [2]. - For the Series M Redeemable Preferred Stock, a monthly cash dividend of $0.17500 per share will be paid on the same dates as above, with the same record dates [3]. - The Board also declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock, equating to an annual rate of $0.20 per share, payable on October 15, 2024 [8]. - Additionally, a quarterly cash dividend of $0.5156 per diluted share for the Company's 8.25% Series D Cumulative Preferred Stock will also be paid on October 15, 2024 [9]. Outstanding Shares - As of June 30, 2024, there were 16,142,350 shares of the Company's Series E Redeemable Preferred Stock and 1,622,772 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding [4].