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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Tuesday, November 5th, 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 dividend yield of 21.45%. The ex-dividend date of this dividend is Friday, November 15th.

LuxUrban Hotels Stock Performance

Shares of NASDAQ LUXHP traded down $0.06 during mid-day trading on Tuesday, reaching $15.15. The company had a trading volume of 617 shares, compared to its average volume of 3,359. The company has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $15.91. 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.