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

Dividend Announcements - Braemar Hotels & Resorts Inc. declared a quarterly cash dividend of $0.05 per diluted share for its common stock for the fourth quarter ending December 31, 2024, equating to an annual rate of $0.20 per share, payable on January 15, 2025 [1] - 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 January 15, 2025 [2] - A quarterly cash dividend of $0.5156 per diluted share was declared for the Company's 8.25% Series D Cumulative Preferred Stock, also payable on January 15, 2025 [3] - Monthly cash dividends for the Company's Series E Redeemable Preferred Stock were declared at $0.15625 per share, with payments scheduled for November 15, December 16, and January 15, 2025 [4] - Monthly cash dividends for Series M Redeemable Preferred Stock were declared at varying rates of $0.17708, $0.17500, and $0.17292 per share, with similar payment schedules [5][6][7] Share Information - As of September 30, 2024, there were 15,138,572 shares of the Company's Series E Redeemable Preferred Stock and 1,596,285 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding [8] Company Overview - Braemar Hotels & Resorts is identified as a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [8]