On 2/12/14, 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 2/28/14. As a percentage of INN.PRA's recent share price of $26.83, this dividend works out to approximately 2.15%, so look for shares of INN.PRA to trade 2.15% lower — all else being equal — when INN.PRA shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 8.52%, which compares to an average yield of 7.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Summit Hotel Properties Series A Cumulative Redeemable Preferred Stock Ex-Dividend Reminder - 2/12/14
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