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INN Summit Hotel Properties dividend history, payout ratio & dates

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 4.33%. The latest dividend marks an increase of $0.02, or 33% from the previous dividend.

Key dates

  • INN last dividend date: May 16, 2024
  • INN next dividend date: Not announced
INN dividend stats
DPS
$0.26
Dividend yield
4.3%
Payout ratio
N/A
vs. Real Estate sector
Dividend yield
6.1%
Payout ratio
137.3%

Dividend yield

What is Summit Hotel Properties current dividend yield

Summit Hotel Properties's dividend yield of 4.33% is lower than the Real Estate sector, the industry and its peers average. If we compare it with the Real Estate sector average of 6.21%, Summit Hotel Properties's dividend yield is 30% lower.

Dividend history

What is INN dividend payout history and dates

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 12% from a year ago, the dividend yield marks an increase of 63%.

Recent dividends

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

Summit Hotel Properties dividend payouts

Total amount of dividends paid per financial year (from cash flow)

INN dividend vs peer dividends

How does INN dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CHMI Cherry Hill Mortgage Investment Corp 16.17% $0.6 N/A
CIO City Office REIT Inc 7.71% $0.4 N/A
SPG Simon Property Group Inc 5.14% $7.6 96.7%
HASI Hannon Armstrong Sustainable Infrastructure Capital Inc 4.95% $1.6 70.2%
INN Summit Hotel Properties Inc 4.3% $0.26 N/A

Frequently asked questions

Does Summit Hotel Properties pay a dividend?

Yes, Summit Hotel Properties has been paying dividends for the last two years.

When is Summit Hotel Properties's next dividend?

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.

When was INN's last dividend?

Summit Hotel Properties's last regular dividend was on May 16, 2024 (ex-date) with the amount of $0.08 per share.

How much dividend does Summit Hotel Properties pay (per share)?

INN's annualized dividend per share is $0.26.

What is Summit Hotel Properties's dividend yield?

Currently Summit Hotel Properties's dividend yield is 4.33%.

How often does Summit Hotel Properties pay dividends?

Summit Hotel Properties pays four dividends per year.

Does Summit Hotel Properties pay a good dividend?

Summit Hotel Properties's dividend yield is less than the Real Estate sector average.