Summit Hotel Properties (INN) Declares $0.1625 Quarterly Dividend; 4% Yield
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Summit Hotel Properties Declares Fourth Quarter 2016 Dividends
January 24, 2017 4:30 PM ESTAUSTIN, Texas, Jan. 24, 2017 /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 fourth quarter ended December 31, 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 common dividend represents an annualized dividend yield of 4.1% based on the closing price of shares of the common stock on January 23, 2017.
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