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Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Friday, October 31, 7:57 AM

#50. Summit Hotel Properties Inc | 9.25% Series A Cumulative Redeemable Preferred Stock (NYSE:INN.PRA) | 8.36% CURRENT YIELD

Premium to Liquidation Preference: 10.60%Average Premium in Category: 1.49%
Current Annualized Yield: 8.36%Average Yield in Category: 6.93%
Days Since Last Ex-Div Date: 77 | See Dividend History »Categorization: Real Estate

Call Date:10/28/2016
Shares Offered:2,000,000
Liquidation Preference:$25
Recent Market Price:$27.91
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.91 (11.64%)
Annualized Dividend:2.3125
Recent Ex-Date:8/13/2014
Current Yield:8.28%
Original Coupon:9.250%
Pay Period:Quarterly
Pay Dates:28-Feb, 31-May, 31-Aug, 30-Nov
Summit Hotel Properties is a holding company. Through its operating partnership, Summit Hotel OP, LP, Co. is engaged as a hotel investment company that focuses primarily on acquiring and owning hotels. As of Dec 31 2013, Co. owned 88 hotels with a total of 10,908 guestrooms located in 22 states. The majority of Co.'s hotels operate under franchise brands owned by: Marriott International, Inc., including Courtyard by Marriott® and Residence Inn by Marriott®; Hilton Worldwide, including DoubleTree by Hilton® and Hilton Garden Inn®; Intercontinental Hotel Group, including Holiday Inn®, Holiday Inn Express®, and Staybridge Suites®; and an affiliate of Hyatt Hotels Corp., including Hyatt Place®.


Open the INN Information Page »
Name:  Summit Hotel Properties Inc
Sector:  REITs
Number of ETFs Holding INN:  23 (see which ones)
Total Market Value Held by ETFs:  $110,132,112
Total Market Capitalization:  $1,005,000,000
% of Market Cap. Held by ETFs:  10.96%

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