Summit Hotel Stock To Go Ex-dividend Tomorrow (INN)

NEW YORK ( TheStreet) -- The ex-dividend date for Summit Hotel Properties (NYSE: INN) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $8.12 as of 9:31 a.m. ET, the dividend yield is 5.7%.

The average volume for Summit Hotel has been 233,700 shares per day over the past 30 days. Summit Hotel has a market cap of $241.6 million and is part of the financial sector and real estate industry. Shares are down 15.6% year to date as of the close of trading on Tuesday.

Summit Hotel Properties, LLC engages in the development, ownership, operation, and management of hotel properties in the United States. As of December 31, 2009, it owned and operated 42 mid-scale without food and beverage hotels and 23 upscale hotels in 19 states.

TheStreet Ratings rates Summit Hotel as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins. You can view the full Summit Hotel Ratings Report.

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