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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Stockholders 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 dividend yield of 20.57%. The ex-dividend date is Monday, September 16th.

LuxUrban Hotels Stock Up 1.9 %

Shares of NASDAQ:LUXHP traded up $0.29 during midday trading on Thursday, hitting $15.80. The company had a trading volume of 3,359 shares, compared to its average volume of 3,247. LuxUrban Hotels has a 12 month low of $11.90 and a 12 month high of $25.25. The firm has a fifty day simple moving average of $14.14 and a 200 day simple 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.