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

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

LuxUrban Hotels Stock Performance

LUXHP traded up $0.01 during trading on Friday, hitting $21.25. 649 shares of the company traded hands, compared to its average volume of 3,076. LuxUrban Hotels has a 1 year low of $18.10 and a 1 year high of $25.25. The stock has a 50-day moving average price of $21.73.

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.