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Stock Market & Financial Investment News

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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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