The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial impacts from the COVID-19 pandemic, Park suspended distributions on its Common Stock for the remainder of the year.
For income tax purposes, the dividends for 2020, totaling $0.45 per share, are classified as $0.244571 (54.349187%) Total ordinary dividends, $0.005000 (1.111105%) Qualified dividends, and $0.205429 (45.650813%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $0.239571 (53.238082%).
The following table summarizes the income tax treatment of the Company’s 2020 dividend:
2020 Dividend Tax Reporting Information (Form 1099-DIV)
Park Hotels & Resorts Inc. Common Stock: PK CUSIP: 700517 105
| Record Date | Payable Date | Dividend per Share | Total ordinary dividends (box 1a) | Qualified dividends (box 1b) | Total capital gain distr. (box 2a) | Section 199A dividends (box 5) | |||||
| March 31, 2020 | April 15, 2020 | $0.45 | $0.244571 | $0.005000 | $0.205429 | $0.239571 | |||||
About Park Hotels & Resorts
Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.
For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com
