Looking at the universe of stocks we cover at Dividend Channel, on 11/13/13, Summit Hotel Properties Inc (INN) will trade ex-dividend, for its quarterly dividend of $0.1125, payable on 11/29/13. As a percentage of INN's recent stock price of $8.71, this dividend works out to approximately 1.29%, so look for shares of Summit Hotel Properties Inc to trade 1.29% lower — all else being equal — when INN shares open for trading on 11/13/13.
Below is a dividend history chart for INN, showing historical dividends prior to the most recent $0.1125 declared by Summit Hotel Properties Inc:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from INN is likely to continue, and whether the current estimated yield of 5.17% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of INN shares, versus its 200 day moving average:Looking at the chart above, INN's low point in its 52 week range is $8.02 per share, with $10.56 as the 52 week high point — that compares with a last trade of $8.71.
According to the ETF Finder at ETF Channel, INN makes up 2.78% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading lower by about 0.3% on the day Monday. In Monday trading, Summit Hotel Properties Inc shares are currently off about 1% on the day.
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