Xenia Hotels & Resorts reinstates dividend

On September 16, 2022, Xenia Hotels & Resorts (XHR) declared a $0.10 per share quarterly dividend. XHR last suspended its quarterly dividend in 2020 because of the COVID-19 pandemic. A 40 cent annual dividend yields 2.5% at a stock price of $16.25.

Xenia Hotels & Resorts, Inc. today announced the reinstatement of its quarterly common stock dividend. The Company's Board of Directors has authorized a cash dividend of $0.10 per share of the Company's common stock for the third quarter 2022. The dividend will be paid on October 14, 2022 to all holders of record of the Company's common stock as of the close of business on September 30, 2022. Consistent with prior practice, all future dividend determinations are subject to approval by the Company's Board of Directors.

Xenia Hotels & Resorts, Inc. is a self-advised and self-administered REIT that invests primarily in luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The company owns 39 hotels comprising 11,245 rooms across 16 states. Xenia's hotels are primarily in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott, Hyatt, Kimpton, Fairmont, Loews, and Hilton, as well as leading independent management companies including The Kessler Collection and Sage Hospitality. Xenia Hotels & Resorts, Inc. had been paying a dividend since 2015 when it became publicly traded.