On 8/13/14, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock (Symbol: INN.PRA) will trade ex-dividend, for its quarterly dividend of $0.5781, payable on 8/29/14. As a percentage of INN.PRA's recent share price of $27.60, this dividend works out to approximately 2.09%, so look for shares of INN.PRA to trade 2.09% lower - all else being equal - when INN.PRA shares open for trading on 8/13/14. On an annualized basis, the current yield is approximately 8.39%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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 Monday trading, Summit Hotel Properties Inc's 9.25% Series A Cumulative Redeemable Preferred Stock (Symbol: INN.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: INN) are down about 0.5%.
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