Summit Hotel Properties (INN) Announces Quarterly Dividend of $0.08 Per Share
Summit Hotel Properties, Inc. (INN) has declared a quarterly dividend of $0.08 per share, maintaining its previous payout level. The distribution carries a forward yield of 4.52%, with the ex-dividend date and record date both set for November 16, and payment scheduled for November 30. The announcement follows recent financial performance where the company reported Q2 earnings that exceeded expectations. Specifically, Funds From Operations (FFO) reached $0.29 per share, beating estimates by $0.01, while revenue totaled $199 million, slightly surpassing analyst projections.
Tickers: $INN
Topics: dividends earnings report FFO revenue
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