braemar hotels  resorts inc shares were up 13 at 392 after it said it was increasing its quarterly dividend and buying back stock the company said its board has increased its quarterly cash dividend from 1 cent a share to 5 cents a share in the fourth quarter the dividend which now equates to an annual rate of 20 cents a share is payable on jan 17 2023 to stockholders of record as of dec 30 2022 the board also authorized a stockrepurchase program of up to 25 million braemars stock hit its 52week low of 341 on thursday and are down 26 in the past three months