DiamondRock Hospitality: Balance Sheet Strength Indicates Stable Preferred Dividend Coverage


  • DiamondRock Hospitality’s preferred shares offer a 7.2% total return if called in 2025, with a 6.2% annualized return.
  • The REIT’s solid performance and balance sheet strength indicate a stable preferred dividend coverage.
  • Consider investing in DiamondRock’s preferred shares as a short-term option with potential for a 6.2% annualized yield.
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I like preferred shares as a subdivision of my income portfolio, and my main focus is obviously on the issuer’s ability to pay the preferred dividends while the balance sheet strength also plays an important