On 11/13/13, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock (INN.PRA) will trade ex-dividend, for its quarterly dividend of $0.5781, payable on 11/29/13. As a percentage of INN.PRA's recent share price of $26.70, this dividend works out to approximately 2.17%, so look for shares of INN.PRA to trade 2.17% lower — all else being equal — when INN.PRA shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 8.62%, which compares to an average yield of 7.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Summit Hotel Properties Series A Cumulative Redeemable Preferred Stock
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