LuxUrban Hotels Inc. (NASDAQ:LUXHP) to Issue Dividend of $0.27

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.2708 per share on Wednesday, July 31st. The ex-dividend date of this dividend is Monday, July 15th.

LuxUrban Hotels Trading Up 6.9 %

Shares of LuxUrban Hotels stock traded up $0.87 on Wednesday, hitting $13.49. 1,218 shares of the company traded hands, compared to its average volume of 3,382. LuxUrban Hotels has a 12-month low of $11.90 and a 12-month high of $25.25. The company has a 50-day moving average price of $17.82 and a 200 day moving average price of $20.77.

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.