SUMMIT HOTEL PROPERTIES DECLARES FIRST QUARTER 2026 DIVIDENDS
Rhea-AI Summary
Summit Hotel Properties (NYSE: INN) declared cash dividends for the quarter ended March 31, 2026. The common dividend is $0.08 per share (annualized yield 6.8% based on the April 22, 2026 close). Preferred and OP unit distributions for periods ending May 31, 2026 were also declared. Dividends and distributions are payable May 29, 2026 to holders of record as of May 15, 2026.
Key dividend rates: Series E preferred $0.390625 per share; Series F preferred $0.3671875 per share; Series Z OP units $0.328125 per unit.
Positive
- Common dividend declared of $0.08 per common share
- Annualized dividend yield of 6.8% based on April 22, 2026 close
- Preferred dividends declared: Series E $0.390625, Series F $0.3671875
- Operating partnership distribution of $0.328125 per Series Z unit
- Payment scheduled May 29, 2026 to holders of record May 15, 2026
Negative
- None.
News Market Reaction – INN
On the day this news was published, INN gained 1.91%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 29, 2026, to holders of record as of May 15, 2026.
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 23, 2026, the Company's portfolio consisted of 94 assets, 52 of which are wholly owned, with a total of 14,226 guestrooms located in 24 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
13215 Bee Cave Pkwy, Suite B-300,
Telephone: 512-538-2300 Fax: 512-538-2333
www.shpreit.com
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SOURCE Summit Hotel Properties, Inc.