TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2019 cash distributions on its Common Stock.
The distributions, totaling $1.90 per share, were paid as follows: $0.45 on April 15, 2019; $0.45 on July 15, 2019; $0.45 on October 15, 2019; and $0.55 on January 15, 2020.
For income tax purposes, the dividends for 2019, totaling $1.90 per share, are classified as $1.605405 (84.4950%) Total ordinary dividends and $0.294595 (15.5050%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $1.605405.
The following table summarizes the income tax treatment of the Company's 2019 dividends:
2019 Dividend Tax Reporting Information (Form 1099-DIV)
Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105
Record Date |
Payable Date |
Dividend
|
Total
|
Total capital
|
Section 199A
|
||||||||||||
March 29, 2019 |
April 15, 2019 |
$0.45 |
$0.389265 |
$0.060735 |
$0.389265 |
||||||||||||
June 28, 2019 |
July 15, 2019 |
$0.45 |
$0.377423 |
$0.072577 |
$0.377423 |
||||||||||||
September 30, 2019 |
October 15, 2019 |
$0.45 |
$0.377423 |
$0.072577 |
$0.377423 |
||||||||||||
December 31, 2019 |
January 15, 2020 |
$0.55 |
$0.461294 |
$0.088706 |
$0.461294 |
||||||||||||
Totals |
|
$1.90 |
$1.605405 |
$0.294595 |
$1.605405 |
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is the second largest publicly traded lodging real estate investment trust with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 62 premium-branded hotels and resorts with approximately 34,000 rooms primarily located in prime U.S markets with high barriers to entry.
For additional information or to receive press releases via e-mail, please visit our website at www.pkhotelsandresorts.com