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| Summit Hotel Properties Series E Cumulative Redeemable Preferred Stock Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, November 15, 5:33 PM ET
In trading on Wednesday, shares of Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock (NYSE:INN.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $20.08 on the day. This compares to an average yield of 8.25% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, INN.PRE was trading at a 16.40% discount to its liquidation preference amount, versus the average discount of 18.50% in the "Real Estate" category. The chart below shows the one year performance of INN.PRE shares, versus INN:
Below is a dividend history chart for INN.PRE, showing historical dividend payments on Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock :
Free Report: Top 8%+ Dividends (paid monthly) In Wednesday trading, Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock (NYSE:INN.PRE) is currently off about 1.8% on the day, while the common shares (NYSE:INN) are down about 0.2%.
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