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Summit Hotel Properties (Summit Hotel Properties) Dividend Yield % : 3.84% (As of May. 06, 2024)


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What is Summit Hotel Properties Dividend Yield %?

As of today (2024-05-06), the Trailing Annual Dividend Yield of Summit Hotel Properties is 3.84%.

Good Sign:

Summit Hotel Properties Inc stock dividend yield is close to 3-year high.

The historical rank and industry rank for Summit Hotel Properties's Dividend Yield % or its related term are showing as below:

INN' s Dividend Yield % Range Over the Past 10 Years
Min: 0.47   Med: 4.16   Max: 21.43
Current: 3.84

During the past 13 years, the highest Dividend Yield of Summit Hotel Properties was 21.43%. The lowest was 0.47%. And the median was 4.16%.

INN's Dividend Yield % is ranked worse than
84.27% of 833 companies
in the REITs industry
Industry Median: 7 vs INN: 3.84

Summit Hotel Properties's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.00.

During the past 13 years, the highest Dividend Payout Ratio of Summit Hotel Properties was 3.19. The lowest was 0.80. And the median was 1.82.

As of today (2024-05-06), the Forward Dividend Yield % of Summit Hotel Properties is 5.12%.

Summit Hotel Properties's Dividends per Share for the three months ended in Mar. 2024 was $0.06.

During the past 12 months, Summit Hotel Properties's average Dividends Per Share Growth Rate was 100.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Summit Hotel Properties was 17.90% per year. The lowest was -51.90% per year. And the median was 6.90% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Summit Hotel Properties Dividend Yield % Historical Data

The historical data trend for Summit Hotel Properties's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Hotel Properties Dividend Yield % Chart

Summit Hotel Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.83 2.00 - 1.11 3.27

Summit Hotel Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 2.76 3.45 3.27 3.69

Competitive Comparison of Summit Hotel Properties's Dividend Yield %

For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Summit Hotel Properties's Dividend Yield % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Summit Hotel Properties's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Summit Hotel Properties's Dividend Yield % falls into.



Summit Hotel Properties Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Summit Hotel Properties Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0600002024-02-142024-02-152024-02-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.0600002023-11-152023-11-162023-11-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.0600002023-08-162023-08-172023-08-31Cash DividendquarterlyUSD:USD 1.000000
USD 0.0600002023-05-162023-05-172023-05-31Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Summit Hotel Properties's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.24/6.25
=3.84 %

Current Share Price is $6.25.
Summit Hotel Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.24.

Summit Hotel Properties's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.24/6.25
=3.84 %

Current Share Price is $6.25.
Summit Hotel Properties's Dividends per Share for the forward twelve months is calculated as $0.06 * 4 = $0.24.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Summit Hotel Properties  (NYSE:INN) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Summit Hotel Properties Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Summit Hotel Properties's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Summit Hotel Properties (Summit Hotel Properties) Business Description

Traded in Other Exchanges
Address
13215 Bee Cave Parkway, Suite B-300, Austin, TX, USA, 78738
Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.
Executives
Hope S Taitz director C/O ATHENE HOLDING LTD., WASHINGTON HOUSE, 16 CHURCH STREET, HAMILTON D0 HM 11
Jonathan P Stanner officer: EVP & Chief Financial Officer 12600 HILL COUNTRY BLVD, SUITE R-100, AUSTIN TX 78738
Mehulkumar Bhikhubhai Patel director 2117 KIMBALL HILL CT, SOUTHLAKE TX 76092
Newcrestimage Holdings, Llc 10 percent owner 1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Bright Force Investment, Llc 10 percent owner /C/O NEWCRESTIMAGE HOLDINGS, LLC, 1785 STATE HIGHWAY 26, SUITE 400, GRAPEVINE TX 76051
Daniel P Hansen director, officer: President and CEO 4808 FLORENCE ST, BELLAIRE TX 77401
Craig J Aniszewski officer: EVP and COO 119 STORMY POINTE LN, MOORESVILLE NC 28117
William Higgins Conkling officer: EVP & Chief Financial Officer 13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78738
Amina Belouizdad director 13215 BEE CAVE PARKWAY, SUITE B-300, AUSTIN TX 78783
Paul Ruiz officer: SVP & Chief Accounting Officer 3200 WILCREST DRIVE SUITE 370, HOUSTON TX 77042
Jeffrey W Jones director P O BOX 7, VAIL CO 81658
Kenneth J Kay director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Greg A Dowell officer: Executive VP & CFO 805 LAS CIMAS PARKWAY, SUITE 400, AUSTIN TX 78746
Thomas W. Storey director 2701 S. MINNESOTA AVENUE, SUITE 6, SIOUX FALLS SD 57105
Wayne Wielgus director 10750 COLUMBIA PIKE, SILVER SPRING MD 20901