In trading on Monday, shares of Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock (INN.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.20 on the day. This compares to an average yield of 6.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, INN.PRB was trading at a 5.16% premium to its liquidation preference amount, versus the average premium of 1.59% in the "Real Estate" category.
The chart below shows the one year performance of INN.PRB shares, versus INN:
Below is a dividend history chart for INN.PRB, showing historical dividend payments on Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock: