SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2025 DIVIDENDS
Summit Hotel Properties (NYSE: INN) has declared its first quarter 2025 dividends.
Sentiment and the balance of points
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Rhea-AI Summary
Summit Hotel Properties (NYSE: INN) has declared its first quarter 2025 dividends. The company announced a cash dividend of $0.08 per share of common stock and per common unit of partnership interest, representing an annualized dividend yield of 8.2% based on April 23, 2025 closing price.
The company also declared preferred stock dividends:
- $0.390625 per share for 6.25% Series E Cumulative Redeemable Preferred Stock
- $0.3671875 per share for 5.875% Series F Cumulative Redeemable Preferred Stock
- $0.328125 per unit for 5.25% Series Z Cumulative Perpetual Preferred Units
All dividends are payable on May 30, 2025, to holders of record as of May 16, 2025.
Positive
- 8.2% annualized dividend yield indicates strong shareholder returns
- Consistent dividend payments across common and preferred shares demonstrate financial stability
Negative
- None.
Details
News Market Reaction – INN
The recorded move for INN in the trading session of this news was +0.51%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Board of Directors has also authorized, and the Company has declared, a cash dividend of
Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of
The dividends are payable on May 30, 2025, to holders of record as of May 16, 2025.
About Summit Hotel Properties
Summit Hotel Properties, Inc. is a publicly-traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the Upscale segment of the lodging industry. As of April 24, 2025, the Company's portfolio consisted of 97 assets, 53 of which are wholly owned, with a total of 14,555 guestrooms located in 25 states.
For additional information, please visit the Company's website, www.shpreit.com, and follow the Company on X, formerly Twitter, at @SummitHotel_INN.
Forward Looking Statements
This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "plan," "likely," "would" or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company's control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the
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SOURCE Summit Hotel Properties, Inc.
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