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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Friday, November 1st,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.2708 per share on Friday, November 29th. This represents a $3.25 annualized dividend and a dividend yield of 19.78%. The ex-dividend date is Friday, November 15th.

LuxUrban Hotels Price Performance

NASDAQ LUXHP traded up $0.15 on Thursday, hitting $16.43. 3,073 shares of the stock traded hands, compared to its average volume of 3,463. The business’s fifty day moving average is $15.37 and its two-hundred day moving average is $15.74. LuxUrban Hotels has a 12 month low of $11.89 and a 12 month high of $24.80.

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.