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

LuxUrban Hotels Inc. (NASDAQ:LUXHP) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.2708 per share on Friday, January 31st. This represents a $3.25 dividend on an annualized basis and a yield of 21.17%. The ex-dividend date is Wednesday, January 15th.

LuxUrban Hotels Stock Performance

LUXHP traded up $0.42 during midday trading on Monday, reaching $15.35. The company had a trading volume of 944 shares, compared to its average volume of 2,548. LuxUrban Hotels has a 1 year low of $11.89 and a 1 year high of $24.80. The business has a 50-day moving average of $15.17 and a two-hundred day moving average of $14.81.

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.