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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Friday, November 1st,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 19.96%. The ex-dividend date of this dividend is Friday, November 15th.

LuxUrban Hotels Stock Performance

Shares of LUXHP traded down $0.28 during trading hours on Wednesday, hitting $16.28. The stock had a trading volume of 3,716 shares, compared to its average volume of 3,465. The firm has a 50-day moving average price of $15.33 and a 200 day moving average price of $15.76. LuxUrban Hotels has a fifty-two week low of $11.89 and a fifty-two week high of $24.80.

LuxUrban Hotels Company Profile

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.