Host Hotels & Resorts announces a $0.20 regular dividend and a $0.10 special dividend, totaling $0.90 for 2024.
Quiver AI Summary
Host Hotels & Resorts, Inc. has announced a regular quarterly cash dividend of $0.20 per share, along with a special dividend of $0.10 per share, totaling $0.90 in dividends for the year. The dividends will be payable on January 15, 2025, to stockholders of record as of December 31, 2024. Host Hotels & Resorts is the largest lodging real estate investment trust in the U.S., owning 76 properties domestically and five internationally, amounting to approximately 43,400 rooms. The company is also involved in several joint ventures.
Potential Positives
- Host Hotels & Resorts announced a regular quarterly cash dividend of $0.20 per share, reflecting a commitment to returning value to shareholders.
- The declaration of a special dividend of $0.10 per share increases the total dividends declared for the year to $0.90 per share, which may enhance investor confidence in the company's financial health.
Potential Negatives
- The announcement of a special dividend may indicate that the company is not currently reinvesting enough in growth opportunities, which could raise concerns among investors about its long-term strategy.
- The total dividend declared for the year remains at $0.90 per share, which may suggest limited financial growth or profit margins, potentially disappointing investors looking for increased returns.
- The timing of the dividend payment, being set for January 2025, implies uncertainty around the company's immediate financial health and cash flow management leading up to the end of the year.
FAQ
What is the total dividend declared by Host Hotels & Resorts for 2024?
The total dividend declared by Host Hotels & Resorts for 2024 is $0.90 per share.
When will the dividends be paid to stockholders?
The dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.
What regular quarterly cash dividend has been authorized?
A regular quarterly cash dividend of $0.20 per share has been authorized by the board of directors.
What special dividend has Host Hotels & Resorts announced?
The Company has announced a special dividend of $0.10 per share in addition to the regular dividend.
How many properties does Host Hotels & Resorts own?
Host Hotels & Resorts owns 76 properties in the United States and five properties internationally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
BETHESDA, Md., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share. In addition, the Company announced a special dividend of $0.10 per share, bringing the total dividends declared for the year to $0.90 per share. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024.
ABOUT HOST HOTELS & RESORTS
Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 76 properties in the United States and five properties internationally totaling approximately 43,400 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures.
SOURAV GHOSH Chief Financial Officer (240) 744-5267 |
JAIME MARCUS Investor Relations (240) 744-5117 ir@hosthotels.com |