Park Hotels & Resorts (PK) Declares $0.01 Quarterly Dividend; 0.2% Yield

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Go back to Park Hotels & Resorts (PK) Declares $0.01 Quarterly Dividend; 0.2% Yield

Park Hotels & Resorts Reinstates Dividend and Provides Brief Update on Operating Trends

March 11, 2022 6:00 AM EST

TYSONS, Va., March 11, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today provided an operational update and announced the reinstatement of its dividend.

Recent Highlights

On March 1, 2022, Park reopened the 314-room Hilton Short Hills, NJ, leaving just one hotel, the Parc 55 San Francisco - a Hilton Hotel, suspended;On March 7, 2022, Moodys Investors Service (Moodys) upgraded Parks outlook to Stable from Negative; andOn March 9, 2022, Park declared a first quarter 2022 cash dividend of $0.01 per share to be paid on April 15, 2022... More