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

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

LuxUrban Hotels Stock Up 6.9 %

Shares of NASDAQ LUXHP traded up $0.87 during mid-day trading on Wednesday, reaching $13.49. The company had a trading volume of 1,218 shares, compared to its average volume of 3,382. The business’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $20.77. LuxUrban Hotels has a one year low of $11.90 and a one year high of $25.25.

LuxUrban Hotels Company Profile

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.