- Summit Hotel Properties (INN, Financial) declared a first-quarter 2025 cash dividend of $0.08 per share, with an annualized yield of 8.2%.
- Preferred stock dividends were also announced: $0.390625 for Series E, $0.3671875 for Series F, and $0.328125 for Series Z.
- All dividends are payable on May 30, 2025, to holders of record as of May 16, 2025.
Summit Hotel Properties, Inc. (INN) has declared its dividends for the first quarter of 2025. Shareholders of the company's common stock and common unit of partnership interest can expect a cash dividend of $0.08 per share, translating to an impressive annualized dividend yield of 8.2%, based on the closing price as of April 23, 2025. This dividend announcement reaffirms the company's commitment to delivering strong returns to its investors.
In addition to the common stock dividends, Summit Hotel Properties has declared preferred stock dividends. The company announced a dividend of $0.390625 per share for its 6.25% Series E Cumulative Redeemable Preferred Stock. Meanwhile, a dividend of $0.3671875 per share has been declared for the 5.875% Series F Cumulative Redeemable Preferred Stock. Finally, the 5.25% Series Z Cumulative Perpetual Preferred Units will receive a dividend of $0.328125 per unit.
These dividends are scheduled for payment on May 30, 2025, to shareholders on record as of May 16, 2025. This consistent dividend payout across both common and preferred shares highlights Summit Hotel Properties' financial stability and ongoing commitment to rewarding its shareholders.
