Summit Hotel Properties, Inc. (INN) To Go Ex-Dividend on August 17th

Posted by Micah Haroldson on Jul 30th, 2026

Summit Hotel Properties, Inc. (NYSE:INN – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.08 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, August 17th.

Summit Hotel Properties has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Summit Hotel Properties has a dividend payout ratio of -177.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Summit Hotel Properties to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 42.1%.

Summit Hotel Properties Trading Up 2.8%

INN opened at $7.05 on Thursday. The firm has a market capitalization of $763.94 million, a P/E ratio of -24.31 and a beta of 1.26. The firm’s 50 day moving average is $6.43 and its 200-day moving average is $5.27. Summit Hotel Properties has a 52-week low of $3.97 and a 52-week high of $7.16. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.16.

Summit Hotel Properties (NYSE:INN – Get Free Report) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $185.05 million for the quarter, compared to analysts’ expectations of $180.51 million. Summit Hotel Properties had a negative net margin of 1.75% and a negative return on equity of 1.03%. Analysts expect that Summit Hotel Properties will post 0.74 EPS for the current fiscal year.

About Summit Hotel Properties

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Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.