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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given 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 is Wednesday, January 15th.

LuxUrban Hotels Stock Up 2.8 %

NASDAQ LUXHP traded up $0.42 during midday trading on Monday, hitting $15.35. 944 shares of the company traded hands, compared to its average volume of 2,548. LuxUrban Hotels has a 52 week low of $11.89 and a 52 week high of $24.80. The company’s 50-day simple moving average is $15.17 and its 200-day simple moving average is $14.81.

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.