Diamondrock Stock To Go Ex-dividend Tomorrow (DRH)

NEW YORK (TheStreet) -- The ex-dividend date for Diamondrock Hospitality Company (NYSE:DRH) is tomorrow, May 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.74 as of 9:30 a.m. ET, the dividend yield is 3%.

The average volume for Diamondrock has been 1.6 million shares per day over the past 30 days. Diamondrock has a market cap of $1.79 billion and is part of the financial sector and real estate industry. Shares are up 10.6% year to date as of the close of trading on Wednesday.

DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America.

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TheStreet Ratings rates Diamondrock as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Diamondrock Ratings Report.

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