Summit Hotel Properties's last quarterly dividend was on May 16, 2024 (ex-date) with a distribution of $0.08 per share. At an annualized rate of $0.26 per share, the stock yields 4.39%. The latest dividend marks an increase of $0.02, or 33% from the previous dividend.
Summit Hotel Properties's dividend yield of 4.39% is lower than the Real Estate sector and the industry average. If we compare it with the Real Estate sector average of 5.86%, Summit Hotel Properties's dividend yield is 25% lower.
Summit Hotel Properties has a long dividend history, including the last two consecutive years with dividend payouts. INN has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 44% since one year ago. And with the stock price down by 3.7% from a year ago, the dividend yield marks an increase of 50%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 16, 2024 | May 31, 2024 | May 1, 2024 | $0.08 | normal |
| Feb 14, 2024 | Feb 29, 2024 | Jan 25, 2024 | $0.06 | normal |
| Nov 15, 2023 | Nov 30, 2023 | Oct 26, 2023 | $0.06 | normal |
| Aug 16, 2023 | Aug 31, 2023 | Jul 27, 2023 | $0.06 | normal |
| May 16, 2023 | May 31, 2023 | Apr 27, 2023 | $0.06 | normal |
| Feb 13, 2023 | Feb 28, 2023 | Jan 26, 2023 | $0.04 | normal |
| Nov 15, 2022 | Nov 30, 2022 | Oct 28, 2022 | $0.04 | normal |
| Aug 16, 2022 | Aug 31, 2022 | Aug 2, 2022 | $0.04 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Jan 31, 2020 | $0.18 | normal |
| Nov 14, 2019 | Nov 29, 2019 | Nov 1, 2019 | $0.18 | normal |
| Aug 15, 2019 | Aug 30, 2019 | Jul 29, 2019 | $0.18 | normal |
| May 16, 2019 | May 31, 2019 | Apr 29, 2019 | $0.18 | normal |
| Feb 13, 2019 | Feb 28, 2019 | Feb 1, 2019 | $0.18 | normal |
| Nov 15, 2018 | Nov 30, 2018 | Oct 26, 2018 | $0.18 | normal |
| Aug 15, 2018 | Aug 31, 2018 | Jul 30, 2018 | $0.18 | normal |
| May 15, 2018 | May 31, 2018 | Apr 30, 2018 | $0.18 | normal |
| Feb 15, 2018 | Feb 28, 2018 | Feb 5, 2018 | $0.18 | normal |
| Nov 15, 2017 | Nov 30, 2017 | Oct 30, 2017 | $0.17 | normal |
| Aug 14, 2017 | Aug 31, 2017 | Jul 28, 2017 | $0.17 | normal |
| May 12, 2017 | May 31, 2017 | Apr 28, 2017 | $0.17 | normal |
| Feb 10, 2017 | Feb 28, 2017 | Jan 24, 2017 | $0.163 | normal |
| Nov 14, 2016 | Nov 30, 2016 | Oct 31, 2016 | $0.163 | normal |
| Aug 12, 2016 | Aug 31, 2016 | Jul 29, 2016 | $0.133 | normal |
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CHMI Cherry Hill Mortgage Investment Corp | 16% | $0.6 | N/A |
| CIO City Office REIT Inc | 6.56% | $0.4 | N/A |
| SPG Simon Property Group Inc | 5.08% | $7.75 | 98.6% |
| HASI Hannon Armstrong Sustainable Infrastructure Capital Inc | 4.94% | $1.62 | 71.1% |
| INN Summit Hotel Properties Inc | 4.26% | $0.26 | N/A |
Yes, Summit Hotel Properties has been paying dividends for the last two years.
INN hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in August 2024.
Summit Hotel Properties's last regular dividend was on May 16, 2024 (ex-date) with the amount of $0.08 per share.
INN's annualized dividend per share is $0.26.
Currently Summit Hotel Properties's dividend yield is 4.39%.
Summit Hotel Properties pays four dividends per year.
Summit Hotel Properties's dividend yield is less than the Real Estate sector average.