Braemar Hotels & Resorts' Series D Preferred Stock Shares Cross 12% Yield Mark

Braemar Hotels & Resorts' 8.25% Series D cumulative preferred stock was yielding above 12%, based on an annualized dividend of $2.0624, with shares trading as low as $17.10. The article is a factual market note on the preferred stock's elevated yield and price level, with no new company-specific catalyst or change in fundamentals.

Analysis

Braemar Hotels & Resorts' 8.25% Series D cumulative preferred stock was yielding above 12%, based on an annualized dividend of $2.0624, with shares trading as low as $17.10. The article is a factual market note on the preferred stock's elevated yield and price level, with no new company-specific catalyst or change in fundamentals.