Summit Hotel Properties (INN) Raises Quarterly Dividend 22.6% to $0.1625; 5% Yield
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Summit Hotel Properties Increases Common Dividend By 23% And Declares Third Quarter 2016 Dividends
October 31, 2016 4:30 PM EDTAUSTIN, Texas, Oct. 31, 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 third quarter ended September 30, 2016, of $0.1625 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 Company's third quarter common dividend represents an increase of $0.03 per share, or 22.6 percent, over the prior quarter's common dividend and an annualized dividend yield of... More
