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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Wednesday, May 1st, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.2708 per share on Friday, May 31st. This represents a $3.25 annualized dividend and a dividend yield of 15.29%. The ex-dividend date is Tuesday, May 14th.

LuxUrban Hotels Stock Up 0.0 %

Shares of NASDAQ LUXHP traded up $0.01 during trading on Friday, hitting $21.25. The company had a trading volume of 649 shares, compared to its average volume of 3,076. The firm’s fifty day simple moving average is $21.73. LuxUrban Hotels has a fifty-two week low of $18.10 and a fifty-two week high of $25.25.

About LuxUrban Hotels

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.