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Summit Hotel Properties' Series B Preferred Stock Shares Cross 7.5% Yield Mark

In trading on Tuesday, shares of Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock (Symbol: INN.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $25.99 on the day. This compares to an average yield of 7.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, INN.PRB was trading at a 5.16% premium to its liquidation preference amount, versus the average premium of 1.50% in the "Real Estate" category.

The chart below shows the one year performance of INN.PRB shares, versus INN:

Performance Comparison Chart

Below is a dividend history chart for INN.PRB, showing historical dividend payments on Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock:

INN.PRB+Dividend+History+Chart

In Tuesday trading, Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock (Symbol: INN.PRB) is currently off about 1.2% on the day, while the common shares (Symbol: INN) are down about 0.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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