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Braemar Hotels & Resorts (NYSE: BHR) is keeping its preferred shareholders current heading into the third quarter of 2026, which on its face reads as a statement of liquidity confidence.
The risk is that a capital stack spanning four active preferred series, two payment cadences, and differing per-share rates within a single series points to a level of financing complexity that merits closer examination.
What the board declared On July 24, 2026, Braemar's board declared quarterly dividends on its two fixed-rate series. The 5.5% Series B Cumulative Convertible Preferred Stock will receive $0.3438 per share.
The 8.25% Series D Cumulative Preferred Stock will receive $0.5156 per share. Both carry an October 15, 2026 payment date and a September 30, 2026 record date. The redeemable preferred stack moves monthly.
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