Summit Hotel Properties' Series E Preferred Stock Crosses Above 8% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, August 15, 3:20 PM ETIn trading on Tuesday, shares of Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock (NYSE:INN.PRE) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $19.30 on the day. This compares to an average yield of 8.09% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, INN.PRE was trading at a 21.28% discount to its liquidation preference amount, versus the average discount of 17.58% in the "Real Estate" category. The chart below shows the one year performance of INN.PRE shares, versus INN:
Below is a dividend history chart for INN.PRE, showing historical dividend payments on Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock :
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock (NYSE:INN.PRE) is currently up about 2.3% on the day, while the common shares (NYSE:INN) are off about 1.5%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Days
Dollars
Estate
Hotel
Join
Juicy
More
NYSE
Offer
Preferred
Properties
Real
Redeemable
Series
Seven
Special
Start
Stock
Stocks
Summit
This
Tuesday
ValueForum
Where
Yields
about
above
according
afterLeftLabels
amount
annualized
average
axisColor
background
based
beforeLeftLabels
category
chart
discount
dividend
escape
fillColor
shares
trading
versus
with
|