On 11/12/15, 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 11/30/15. As a percentage of INN.PRA's recent share price of $26.87, 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 11/12/15. On an annualized basis, the current yield is approximately 8.57%, which compares to an average yield of 7.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, INN.PRA was trading at a 7.92% premium to its liquidation preference amount, versus the average premium of 1.34% in the "Real Estate" category. The chart below shows the one year performance of INN.PRA shares, versus INN:

Performance Comparison Chart

Below is a dividend history chart for INN.PRA, showing historical dividends prior to the most recent $0.5781 on Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock :

INN.PRA+Dividend+History+Chart

In Tuesday trading, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock ( INN.PRA) is currently down about 0.4% on the day, while the common shares ( INN - Get Report) are up about 1.5%.