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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.2708 per share on Friday, January 31st. This represents a $3.25 annualized dividend and a dividend yield of 21.17%. The ex-dividend date of this dividend is Wednesday, January 15th.

LuxUrban Hotels Stock Up 2.8 %

Shares of LUXHP stock opened at $15.35 on Tuesday. The business’s fifty day moving average is $15.17 and its 200 day moving average is $14.81. LuxUrban Hotels has a twelve month low of $11.89 and a twelve 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.