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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Investors of record on Monday, September 16th will be given a dividend of 0.2708 per share on Monday, September 30th. This represents a $3.25 annualized dividend and a yield of 20.57%. The ex-dividend date is Monday, September 16th.

LuxUrban Hotels Trading Up 1.9 %

Shares of NASDAQ LUXHP traded up $0.29 on Thursday, reaching $15.80. 3,359 shares of the company traded hands, compared to its average volume of 3,247. LuxUrban Hotels has a fifty-two week low of $11.90 and a fifty-two week high of $25.25. The company has a 50 day moving average of $14.14 and a 200 day moving average of $18.01.

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.