On 2/11/16, 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 2/29/16. As a percentage of INN.PRA's recent share price of $25.91, this dividend works out to approximately 2.23%, so look for shares of INN.PRA to trade 2.23% lower — all else being equal — when INN.PRA shares open for trading on 2/11/16. On an annualized basis, the current yield is approximately 8.92%, which compares to an average yield of 7.44% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, INN.PRA was trading at a 3.68% premium to its liquidation preference amount. The chart below shows the one year performance of INN.PRA shares, versus INN: 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 : In Tuesday trading, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock ( INN.PRA) is currently off about 0.1% on the day, while the common shares ( INN - Get Report) are down about 0.7%.
More from Stocks
Trump: We'll Open Strategic Petroleum Reserve If Needed, After Saudi Attack
Full crude and gas production is expected to take weeks to restore; oil prices soar.