Braemar Hotels & Resorts Inc. (BHR) · Oct 16, 2026 · Other events

Braemar declares preferred dividends as redemptions remain elevated

Preferred dividends declared — Series E $0.15625 monthly; 2.54M preferred shares pending redemption

Braemar’s preferred dividend rates are unchanged, but the filing highlights more than 2.5 million preferred shares awaiting redemption processing.

Braemar is in the middle of becoming a self-managed REIT, narrowing its portfolio to seven luxury hotels while targeting more than $25 million of annual corporate-cost savings. This filing does not advance that transition; it mainly confirms the expected preferred-distribution schedule.

Preferred seriesFourth-quarter or monthly dividendPayment timing
Series B$0.3438 per share quarterly (Dividend declaration)January 15, 2027
Series D$0.5156 per share quarterly (Dividend declaration)January 15, 2027
Series E$0.15625 per share monthly (Dividend declaration)November 16, December 15, 2026; January 15, 2027
Series M$0.17708-$0.18125 per share monthly (Dividend declaration)November 16, December 15, 2026; January 15, 2027
Series E and M redemption requests2,448,062 and 91,129 shares pending processing (Outstanding shares and redemptions)No completion date provided

The dividend decision is routine and unchanged. The Series B, Series D and Series E rates match the prior-quarter declaration, while the Series M rates remain differentiated by CUSIP. The release states that the Series E dividend is $0.15625 per share each month and the Series D dividend is $0.5156 per share for the quarter.

The meaningful new detail is the redemption overhang. Against 8.15 million Series E shares and 1.27 million Series M shares currently outstanding, holders have requested redemption of another 2.45 million Series E shares and 91,129 Series M shares—roughly 24% of the currently outstanding preferred shares combined. 〔0〕 The filing does not say when those requests will be completed or how they will be funded, so the disclosure complicates the capital-structure picture without changing the immediate dividend commitment.

Bottom line: This is mostly a routine confirmation of preferred dividends, not a new operating development. The redemption backlog is the only material wrinkle, adding capital-structure uncertainty while the self-management transition remains the larger business story.

Original filing on SEC EDGAR

More Braemar Hotels & Resorts Inc. news

Braemar declares preferred dividends as redemptions remain elevated | BHR Stock News
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