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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Thursday, August 15th will be paid a dividend of 0.2708 per share on Friday, August 30th. This represents a $3.25 annualized dividend and a yield of 24.07%. The ex-dividend date is Thursday, August 15th.

LuxUrban Hotels Trading Down 6.9 %

NASDAQ LUXHP opened at $13.50 on Tuesday. The stock has a 50 day simple moving average of $14.39 and a two-hundred day simple moving average of $18.79. LuxUrban Hotels has a fifty-two week low of $11.90 and a fifty-two week high of $25.25.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire 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, Washington DC, 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.