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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid 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 Price Performance

Shares of LUXHP stock traded up $0.01 during trading hours on Friday, hitting $21.25. 649 shares of the company’s stock were exchanged, compared to its average volume of 3,076. LuxUrban Hotels has a fifty-two week low of $18.10 and a fifty-two week high of $25.25. The business’s 50 day moving average price is $21.73.

About LuxUrban Hotels

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.