SUMMIT HOTEL PROPERTIES DECLARES SECOND QUARTER 2026 DIVIDENDS
Rhea-AI Summary
Summit Hotel Properties (NYSE: INN) declared a second-quarter 2026 cash dividend of $0.08 per common share and common OP unit, implying an annualized yield of 4.6% based on the July 27, 2026 closing price. The Board also declared quarterly dividends of $0.390625 for its 6.25% Series E preferred stock, $0.3671875 for its 5.875% Series F preferred stock, and a distribution of $0.328125 per Series Z preferred unit for the period ending August 31, 2026. All dividends are payable on August 31, 2026 to shareholders and unitholders of record on August 17, 2026.
Positive
- $0.08 Q2 2026 common dividend, annualized yield 4.6%
- Declared quarterly dividend of $0.390625 per Series E preferred share
- Declared quarterly dividend of $0.3671875 per Series F preferred share
- Declared $0.328125 per Series Z preferred unit distribution
Negative
- None.
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 August 31, 2026, to holders of record as of August 17, 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 June 30, 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 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, 2025. 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/summit-hotel-properties-declares-second-quarter-2026-dividends-302836813.html
SOURCE Summit Hotel Properties, Inc.