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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Thursday, December 5th,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.2708 per share on Monday, December 30th. This represents a $3.25 dividend on an annualized basis and a yield of 22.49%. The ex-dividend date is Monday, December 16th.

LuxUrban Hotels Stock Performance

Shares of LUXHP traded up $0.19 during midday trading on Thursday, hitting $14.45. The stock had a trading volume of 2,081 shares, compared to its average volume of 3,656. The company has a 50 day simple moving average of $14.89 and a two-hundred day simple moving average of $15.16. LuxUrban Hotels has a twelve month low of $11.89 and a twelve month 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.