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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Monday, October 7th, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.2708 per share on Thursday, October 31st. This represents a $3.25 dividend on an annualized basis and a dividend yield of 24.86%. The ex-dividend date is Tuesday, October 15th.

LuxUrban Hotels Stock Down 4.5 %

Shares of LuxUrban Hotels stock opened at $13.07 on Tuesday. LuxUrban Hotels has a 12-month low of $11.89 and a 12-month high of $25.25. The stock has a 50 day moving average price of $14.97 and a two-hundred day moving average price of $16.97.

About LuxUrban Hotels

LuxUrban Hotels Inc engages in the leasing of entire existing 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, 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.