Summit Hotel Properties (INN) Declares $0.1325 Quarterly Dividend; 3.7% Yield

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Summit Hotel Properties Declares Second Quarter 2016 Dividends

July 29, 2016 4:30 PM EDT

AUSTIN, Texas, July 29, 2016 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) ("the Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2016, of $0.1325 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership.  The common dividend represents an annualized dividend yield of 3.8 percent based on the closing price of shares of the common stock on July 28,... More