SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2025 DIVIDENDS

Rhea-AI Summary

Summit Hotel Properties (NYSE:INN) has declared its second quarter 2025 dividends. The company announced a cash dividend of $0.08 per share of common stock and per common unit, representing an annualized dividend yield of 6.1% based on July 31, 2025 closing price.

Additionally, the company declared preferred stock dividends of $0.390625 per share for Series E (6.25%) and $0.3671875 per share for Series F (5.875%). The operating partnership's Series Z Preferred Units will receive $0.328125 per unit. All dividends will be paid on August 29, 2025 to holders of record as of August 15, 2025.

Positive

• Maintains regular dividend payments across all share classes
• Common stock dividend yield of 6.1% indicates strong shareholder returns

Negative

• None.

AUSTIN, Texas, Aug. 1, 2025 /PRNewswire/ -- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company"), announced today that its Board of Directors has authorized, and the Company has declared, a cash dividend for the second quarter ended June 30, 2025, of $0.08 per share of common stock of the Company and per common unit of limited partnership interest in Summit Hotel OP, LP, the Company's operating partnership. The Company's second quarter common dividend represents an annualized dividend yield of 6.1 percent based on the closing price of shares of the common stock on July 31, 2025.

The Board of Directors has also authorized, and the Company has declared, a cash dividend of $0.390625 per share of the Company's 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2025, and a cash dividend of $0.3671875 per share of the Company's 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, 2025.

Additionally, the Board of Directors has authorized a cash distribution, and the Company has declared on behalf of the operating partnership, distributions of $0.328125 per unit pertaining to the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on August 31, 2025.

The dividends are payable on August 29, 2025, to holders of record as of August 15, 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 July 31, 2025, the Company's portfolio consisted of 97 assets, 53 of which are wholly owned, with a total of 14,577 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 U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company's filings with the Securities and Exchange Commission, including, without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE SUMMIT HOTEL PROPERTIES, INC.

FAQ

What is Summit Hotel Properties' (INN) dividend amount for Q2 2025?

Summit Hotel Properties declared a cash dividend of $0.08 per share for Q2 2025, representing an annualized dividend yield of 6.1%.

When is Summit Hotel Properties' (INN) Q2 2025 dividend payment date?

The dividend will be paid on August 29, 2025 to shareholders of record as of August 15, 2025.

What is the dividend yield for Summit Hotel Properties (INN) stock?

Summit Hotel Properties' common stock dividend represents an annualized dividend yield of 6.1% based on the July 31, 2025 closing price.

What are Summit Hotel Properties' preferred stock dividend rates?

Summit Hotel Properties declared dividends of $0.390625 per share for Series E (6.25%), $0.3671875 per share for Series F (5.875%), and $0.328125 per unit for Series Z (5.25%) preferred shares.