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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.2708 per share on Wednesday, July 31st. This represents a $3.25 dividend on an annualized basis and a yield of 22.18%. The ex-dividend date is Monday, July 15th.

LuxUrban Hotels Stock Performance

NASDAQ:LUXHP opened at $14.65 on Friday. The business has a fifty day moving average price of $16.77 and a 200-day moving average price of $20.25. LuxUrban Hotels has a one year low of $11.90 and a one year 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.