Ex-Div Reminder For Summit Hotel Properties (INN)

Looking at the universe of stocks we cover at Dividend Channel, on 5/14/13, Summit Hotel Properties Inc ( INN) will trade ex-dividend, for its quarterly dividend of $0.1125, payable on 5/31/13. As a percentage of INN's recent stock price of $10.45, this dividend works out to approximately 1.08%, so look for shares of Summit Hotel Properties Inc to trade 1.08% lower — all else being equal — when INN shares open for trading on 5/14/13.

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Below is a dividend history chart for INN, showing historical dividends prior to the most recent $0.1125 declared by Summit Hotel Properties Inc:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from INN is likely to continue, and whether the current estimated yield of 4.31% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of INN shares, versus its 200 day moving average:

Summit Hotel Properties Inc 200 Day Moving Average Chart

Looking at the chart above, INN's low point in its 52 week range is $7.43 per share, with $10.56 as the 52 week high point — that compares with a last trade of $10.44.

According to the ETF Finder at ETF Channel, INN makes up 2.52% of the KBW Premium Yield Equity REIT Portfolio ETF ( KBWY) which is trading up by about 0.3% on the day Friday.

In Friday trading, Summit Hotel Properties Inc shares are currently up about 0.6% on the day.


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