Park Hotels & Resorts (PK) Declares $0.43 Quarterly Dividend; 6.6% Yield
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Park Hotels & Resorts Inc. Announces Quarterly Dividend of $0.43 Per Share
February 27, 2017 6:00 AM ESTMCLEAN, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park) (NYSE: PK), which began regular way public trading on the New York Stock Exchange as an independent company on January 4, 2017, today announced that its Board of Directors has approved a quarterly cash dividend of $0.43 per share of common stock for the first quarter of 2017. The dividend will be payable on April 17, 2017 to each stockholder of record as of the close of business on March 31, 2017.
Based on the $25.92 closing price of Parks common shares on February 24, 2017, the dividend level annualized represents a 6.6% yield.
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