Summit Hotel Properties (INN) Raises Quarterly Dividend 5.9% to $0.18; 4.9% Yield

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Go back to Summit Hotel Properties (INN) Raises Quarterly Dividend 5.9% to $0.18; 4.9% Yield

Summit Hotel Properties Increases Common Dividend By 6% And Declares Fourth Quarter 2017 Dividends

February 5, 2018 4:30 PM EST

AUSTIN, Texas, Feb. 5, 2018 /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, 2017, of $0.18 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 fourth quarter common dividend represents an increase of $0.01 per share, or 5.9 percent, over the prior quarter's common dividend and an annualized dividend yield of 4.7... More