Summit Hotel Properties Series C Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 11/12/14, Summit Hotel Properties Inc's 7.125% Series C Cumulative Redeemable Preferred Stock (NYSE: INN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 11/28/14. As a percentage of INN.PRC's recent share price of $26.25, this dividend works out to approximately 1.70%, so look for shares of INN.PRC to trade 1.70% lower — all else being equal — when INN.PRC shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 6.81%, ...