Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
0mins
Should l Buy PK?
Source: Businesswire
Dividend Distribution Announcement: Park Hotels & Resorts Inc. announced a total cash distribution of $1.40 per share for 2024, with payments scheduled on April 15, July 15, October 15, and January 15, 2025.
Tax Reporting Information: The dividends are classified for tax purposes as approximately 91.84% ordinary dividends and 8.16% capital gain distributions, with detailed reporting provided for each payment date.
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Analyst Views on PK
Wall Street analysts forecast PK stock price to rise
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 11.420
Low
10.50
Averages
11.93
High
14.00
Current: 11.420
Low
10.50
Averages
11.93
High
14.00
About PK
Park Hotels & Resorts Inc. is a lodging real estate investment trust (REIT). The Company has a diverse portfolio of hotels and resorts with significant underlying real estate value. It has interests in 36 hotels, consisting of premium-branded hotels and resorts with approximately 23,055 rooms, of which over 87% are luxury and upper upscale and are located in prime United States markets and its territories. Its high-quality portfolio includes hotels mostly in major urban and convention areas, such as New York City, Washington, D.C., Chicago, Boston, New Orleans and Denver; and premier resorts in key leisure destinations, including Hawaii, Orlando, Key West and Miami Beach; as well as hotels in select airport and suburban locations. Its brands include Hilton Hotels & Resorts, DoubleTree by Hilton, Signia by Hilton, Marriott, Hyatt Regency, Embassy Suites by Hilton, Marriott Tribute Portfolio, Curio - A Collection by Hilton, Waldorf Astoria Hotels & Resorts, JW Marriott, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Dividend Payment Status: Park Hotels & Resorts Inc currently pays an annual dividend of $1 per share, distributed quarterly, demonstrating the company's ability to maintain stable cash flow, although volatility in the REIT sector may impact future payments.
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- Historical Dividend Analysis: The report emphasizes that studying a company's past dividend history is crucial for assessing the sustainability of the latest dividend, particularly in the REIT sector, where past performance can provide significant insights into future payouts.
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- Share Acquisition: Matthew 25 Management disclosed a purchase of 373,500 shares of Park Hotels & Resorts for approximately $4.22 million during the quarter ended September 30, increasing its total holdings to 475,000 shares with a market value of $5.26 million, indicating confidence in the company's potential.
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