On 8/13/14, Summit Hotel Properties Inc's 7.125% Series C Cumulative Redeemable Preferred Stock (INN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 8/29/14. As a percentage of INN.PRC's recent share price of $25.10, this dividend works out to approximately 1.77%, so look for shares of INN.PRC to trade 1.77% lower — all else being equal — when INN.PRC shares open for trading on 8/13/14. On an annualized basis, the current yield is approximately 7.05%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Summit Hotel Properties Series C Cumulative Redeemable Preferred Stock Ex-Dividend Reminder
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