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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Monday, December 2nd,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.2708 per share on Monday, December 30th. This represents a $3.25 annualized dividend and a dividend yield of 20.90%. The ex-dividend date of this dividend is Monday, December 16th.

LuxUrban Hotels Stock Performance

Shares of LUXHP stock remained flat at $15.55 during trading hours on Friday. The stock had a trading volume of 145 shares, compared to its average volume of 3,654. The company’s fifty day simple moving average is $14.88 and its two-hundred day simple moving average is $15.01. LuxUrban Hotels has a fifty-two week low of $11.89 and a fifty-two week 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.