TYSONS, Va., Sept. 09, 2022 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. PC (“Park” or the “Company”) announced today that the Company announced a cash dividend of $0.01 per common share for the third quarter. The dividend will be paid in cash on October 17, 2022 to shareholders of record as of September 30, 2022.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding Park’s current expectations regarding the performance of its business, its financial results, its liquidity and its capital resources, including expected dates by which its hotels break even or a positive adjusted Hotel EBITDA will impact the business and financial condition of the Company and its hotel management companies, actions taken in response to COVID-19, the impact of macroeconomic factors (including inflation, interest rate hikes, potential economic downturn or recession and geopolitical conflicts) that effects of competition and the effects of future laws or regulations, the expected completion of anticipated divestitures, the declaration and payment of future dividends and other non-historical statements. Forward-looking statements include all statements that are not historical facts and, in some cases, through the use of forward-looking terminology such as the words “outlook”, “believes”, “expects”, “potential”, “continue”, “may”, “will” , “should”, “could”, “aim”, “project”, “predict”, “intend”, “plan”, “estimate”, “anticipate”, “hope” or the negative version of these words or other similar words . You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the Company’s control and…
