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

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

LuxUrban Hotels Stock Up 0.9 %

Shares of NASDAQ LUXHP traded up $0.15 during mid-day trading on Thursday, reaching $16.43. 3,073 shares of the company’s stock traded hands, compared to its average volume of 3,463. The business has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $15.74. LuxUrban Hotels has a 1-year low of $11.89 and a 1-year 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.