LuxUrban Hotels ( (LUXH) ) just unveiled an announcement.
On March 26, 2025, Alex Moinian resigned from LuxUrban Hotels’ Board of Directors for personal reasons, with no disagreements with the company. The company announced a recalculation of its Series A Preferred Stock dividend rate from 13% to 19% following a de-listing event from Nasdaq, impacting dividends for February and January 2025. The February dividend payment will be delayed to reflect the new rate, while the January dividend will be adjusted retroactively. LuxUrban assures that future dividends will be timely and at the adjusted rate, with no anticipated disruptions.
More about LuxUrban Hotels
LuxUrban Hotels Inc. operates in the hospitality industry, focusing on providing accommodations and services to travelers. The company is involved in managing and developing hotel properties, catering to a diverse market of guests.
YTD Price Performance: -94.62%
Average Trading Volume: 297,176
Technical Sentiment Signal: Buy
Current Market Cap: $633.1K
For a thorough assessment of LUXH stock, go to TipRanks’ Stock Analysis page.