Summit Hotel Properties, Inc. ( INN ) will begin trading ex-dividend on May 14, 2014. A cash dividend payment of $0.1125 per share is scheduled to be paid on May 30, 2014. Shareholders who purchased INN stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that INN has paid the same dividend. At the current stock price of $9.48, the dividend yield is 4.75%.
The previous trading day's last sale of INN was $9.48, representing a -9.63% decrease from the 52 week high of $10.49 and a 11.53% increase over the 52 week low of $8.50.
INN is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). INN's current earnings per share, an indicator of a company's profitability, is -$.11. Zacks Investment Research reports INN's forecasted earnings growth in 2014 as 8.64%, compared to an industry average of 9.1%.
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