Summit Hotel Properties (INN) Raises Quarterly Dividend 4.6% to $0.17; 4.1% Yield

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Go back to Summit Hotel Properties (INN) Raises Quarterly Dividend 4.6% to $0.17; 4.1% Yield

Summit Hotel Properties Increases Common Dividend By 5% And Declares First Quarter 2017 Dividends

April 28, 2017 4:30 PM EDT

AUSTIN, Texas, April 28, 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 first quarter ended March 31, 2017, of $0.17 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 first quarter common dividend represents an increase of $0.0075 per share, or 4.6 percent, over the prior quarter's common dividend and an annualized dividend yield of 4.0... More