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Stock Market & Financial Investment News

News Breaks
March 14, 2014
17:14 EDTINNSummit Hotel reaffirms Q4, FY13 guidance, reschedules earnings release
Summit Hotel Properties announced that it will report financial results for Q4 on Monday, March 17, before the market opens. The company rescheduled the release of its earnings in order to provide additional time to complete its annual report on Form 10-K. The company also reaffirmed its previously announced Q4 and FY13 guidance.
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August 1, 2014
13:34 EDTINNSummit Hotel Properties raises common dividend 2c to 11.75c
Summit Hotel Properties announced that its board has authorized, and the company declared, a cash dividend for Q2 of 11.75c per share of common stock of the company and per common unit of limited partnership interest in Summit Hotel OP, LP, the company’s operating partnership. The common dividend increase of 2c on an annual basis represents an annualized yield of 4.6% based on the closing price of shares of the common stock on July 31. The dividend is payable August 29 to holders of record as of August 15.

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