Park Hotels & Resorts Inc.
01/16/2025 | Press release | Distributed by Public on 01/16/2025 23:33
Park Hotels & Resorts Announces Tax Treatment of 2024 Dividends
TYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (NYSE:PK) ("Park" or the "Company") today announced the tax reporting information for its 2024 cash distributions on its Common Stock.
The distributions, totaling $1.40 per share, were paid as follows: $0.25 on April 15, 2024; $0.25 on July 15, 2024; $0.25 on October 15, 2024; and $0.65 on January 15, 2025.
For income tax purposes, the dividends for 2024, totaling $1.40 per share, are classified as: (i) $1.285731 (91.8379%) Total ordinary dividends, and (ii) $0.114269 (8.1621%) Total capital gain distribution.
The following table summarizes the income tax treatment of the Company's 2024 dividends:
2024 Dividend Tax Reporting Information (Form 1099-DIV)
Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105
|
Record Date |
Payable |
Dividend per |
Total ordinary |
Qualified dividends |
Total capital gain |
Section 199A |
|
March 29, 2024 |
April 15, 2024 |
$0.25 |
$0.229595 |
$0.052307 |
$0.020405 |
$0.177288 |
|
June 28, 2024 |
July 15, 2024 |
$0.25 |
$0.229595 |
$0.052307 |
$0.020405 |
$0.177288 |
|
September 30, 2024 |
October 15, 2024 |
$0.25 |
$0.229595 |
$0.052307 |
$0.020405 |
$0.177288 |
|
December 31, 2024 |
January 15, 2025 |
$0.65 |
$ 0.596946 |
$0.135997 |
$0.053054 |
$0.460949 |
|
Totals |
$1.40 |
$1.285731 |
$0.292918 |
$0.114269 |
$0.992813 |
About Park Hotels & Resorts
Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 40 premium-branded hotels and resorts with approximately 25,000 rooms primarily located in prime city center and resort locations.
Visit www.pkhotelsandresorts.com for more information.
For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116523676/en/
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
[email protected]
Source: Park Hotels & Resorts Inc.