DiamondRock Hospitality Dividends and Buybacks
Dividend criteria checks 2/6
DiamondRock Hospitality is a dividend paying company with a current yield of 1.29% that is well covered by earnings. Next payment date is on 14th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
1.3%
Dividend yield
1.6%
Buyback Yield
| Total Shareholder Yield | 2.9% |
| Future Dividend Yield | 2.3% |
| Dividend Growth | -15.1% |
| Next dividend pay date | 14 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | US$0.120 |
| Payout ratio | 20% |
Recent dividend and buyback updates
Recent updates
DiamondRock Hospitality: Wait For A Dip In The 8.25% Preferred Shares
Oct 20DiamondRock Hospitality: Solid Q2 Performance, Strategic Share Repurchases Signal Long-Term Potential
Aug 08DiamondRock Hospitality: Preferred Stock Offers A 7.1% Yield-To-Call For 18 Months
Feb 01DiamondRock Hospitality: Undervalued Thanks To Room Pricing Strategies And Hotel Enhancements
Aug 16DiamondRock Hospitality FFO of $0.23 beats by $0.02, revenue of $255.1M beats by $3.56M
Feb 21DiamondRock Hospitality prelim Q4 comparable revenue up 23% on strong travel demand
Jan 11DiamondRock Hospitality: Low LTV Ratio Makes 7.6% Yielding Preferreds Appealing
Dec 28DiamondRock Hospitality declares $0.03 dividend
Dec 07DiamondRock Hospitality FFO of $0.28 beats by $0.02, revenue of $268.21M beats by $9.11M
Nov 03DiamondRock Hospitality announces $200M buyback plan
Sep 30DiamondRock Hospitality: An 8.8% Yield To Call With The Preferred Shares
Sep 24DiamondRock Hospitality dips dividend -76% to $0.03/shares
Sep 01DiamondRock Hospitality appoints Justin Leonard as EVP and COO
Jul 13Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: DRH's dividend payments have been volatile in the past 10 years.
Growing Dividend: DRH's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| DiamondRock Hospitality Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DRH) | 1.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Hotel and Resort REITs) | 5.0% |
| Analyst forecast (DRH) (up to 3 years) | 2.3% |
Notable Dividend: DRH's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: DRH's dividend (1.29%) is low compared to the top 25% of dividend payers in the US market (4.51%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.3%), DRH's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.4%), DRH's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
DiamondRock Hospitality Company is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Bellisario | Baird |
| Felicia Kantor Hendrix | Barclays |
| Floris Gerbrand van Dijkum | Boenning & Scattergood, Inc. |