Park Hotels & Resorts (PK) will pay a special dividend fo $0.45 per share in the second quarter of 2018. The regular quarterly dividend is $0.43 per share, with a final dividend of payment of $0.55 for the last quarter of 2017.
The special cash dividend will be paid on July 16, 2018 to stockholders of record as of June 29, 2018. This special dividend is in addition to the previously announced regular quarterly dividend of $0.43 per share declared by Park’s Board on April 27, 2018 for a total of $0.88 per share to be distributed.
The dividend yield for PK currently is 5.6%
Park Hotels & Resorts Inc. is the second largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 54 premium-branded hotels and resorts with over 32,000 rooms primarily located in key U.S. markets with high barriers to entry.