LuxUrban Hotels Inc. Announces Monthly Dividend of $0.27 (NASDAQ:LUXHP)

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.2708 per share on Thursday, October 31st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 23.60%. The ex-dividend date of this dividend is Tuesday, October 15th.

LuxUrban Hotels Trading Down 5.0 %

Shares of LUXHP stock opened at $13.77 on Monday. The stock’s fifty day simple moving average is $15.03 and its 200-day simple moving average is $16.68. LuxUrban Hotels has a 1-year low of $11.89 and a 1-year high of $25.25.

About LuxUrban Hotels

LuxUrban Hotels Inc engages in the leasing of entire existing hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.