Markets

Summit Hotel Properties Series D Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

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Shutterstock photo

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On 8/14/17, Summit Hotel Properties Inc's 6.45% Series D Cumulative Redeemable Preferred Stock (Symbol: INN.PRD) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 8/31/17. As a percentage of INN.PRD's recent share price of $25.90, this dividend works out to approximately 1.56%, so look for shares of INN.PRD to trade 1.56% lower - all else being equal - when INN.PRD shares open for trading on 8/14/17. On an annualized basis, the current yield is approximately 6.03%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of INN.PRD shares, versus INN:

Performance Comparison Chart

Below is a dividend history chart for INN.PRD, showing historical dividends prior to the most recent $0.4031 on Summit Hotel Properties Inc's 6.45% Series D Cumulative Redeemable Preferred Stock :

INN.PRD+Dividend+History+Chart

In Thursday trading, Summit Hotel Properties Inc's 6.45% Series D Cumulative Redeemable Preferred Stock (Symbol: INN.PRD) is currently down about 3.1% on the day, while the common shares (Symbol: INN) are up about 1.3%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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.

In This Story

INN.PRD INN