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Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

Summit Hotel Properties Dividend Announcement

Summit Hotel Properties announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-15
Summit Hotel Properties annual dividend for 2024 was $0.30
Summit Hotel Properties annual dividend for 2023 was $0.22
Summit Hotel Properties's trailing twelve-month (TTM) dividend yield is 4.53%
Summit Hotel Properties's payout ratio for the trailing twelve months (TTM) is 179.93%

Summit Hotel Properties Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-15$0.08quarterly2024-11-29
2024-08-16$0.08quarterly2024-08-30
2024-05-16$0.08quarterly2024-05-31
2024-02-14$0.06quarterly2024-02-29
2023-11-15$0.06quarterly2023-11-30
2023-08-16$0.06quarterly2023-08-31
2023-05-16$0.06quarterly2023-05-31
2023-02-13$0.04quarterly2023-02-28
2022-11-15$0.04quarterly2022-11-30
2022-08-16$0.04quarterly2022-08-31
2020-02-13$0.18quarterly2020-02-28
2019-11-14$0.18quarterly2019-11-29
2019-08-15$0.18quarterly2019-08-30
2019-05-16$0.18quarterly2019-05-31
2019-02-13$0.18quarterly2019-02-28
2018-11-15$0.18quarterly2018-11-30
2018-08-15$0.18quarterly2018-08-31
2018-05-15$0.18quarterly2018-05-31
2018-02-15$0.18quarterly2018-02-28
2017-11-15$0.17quarterly2017-11-30
2017-08-14$0.17quarterly2017-08-31
2017-05-12$0.17quarterly2017-05-31
2017-02-10$0.16quarterly2017-02-28
2016-11-14$0.16quarterly2016-11-30
2016-08-12$0.13quarterly2016-08-31
2016-05-12$0.13quarterly2016-05-31
2016-02-11$0.12quarterly2016-02-29
2015-11-12$0.12quarterly2015-11-30
2015-08-12$0.12quarterly2015-08-31
2015-05-13$0.12quarterly2015-05-29
2015-02-11$0.12quarterly2015-02-27
2014-11-12$0.12quarterly2014-11-28
2014-08-13$0.12quarterly2014-08-29
2014-05-14$0.11quarterly2014-05-30
2014-02-12$0.11quarterly2014-02-28
2013-11-13$0.11quarterly2013-11-29
2013-08-14$0.11quarterly2013-08-31
2013-05-14$0.11quarterly2013-05-31
2013-02-11$0.11quarterly2013-02-28
2012-11-09$0.11quarterly2012-11-30
2012-08-09$0.11quarterly2012-08-31
2012-05-17$0.11quarterly2012-05-31
2012-02-15$0.11quarterly2012-02-29

Summit Hotel Properties Dividend per year

Summit Hotel Properties Dividend growth

Summit Hotel Properties Dividend Yield

Summit Hotel Properties current trailing twelve-month (TTM) dividend yield is 4.53%. Interested in purchasing Summit Hotel Properties stock? Use our calculator to estimate your expected dividend yield:

Summit Hotel Properties Financial Ratios

P/E ratio30.10
PEG ratio0.10
P/B ratio0.72
ROE2.38%
Payout ratio179.93%
Current ratio447.29
Quick ratio447.29
Cash Ratio8.43

Summit Hotel Properties Dividend FAQ

How much is the next Summit Hotel Properties dividend?
Summit Hotel Properties's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Summit Hotel Properties dividend. The next Summit Hotel Properties dividend will be released in February, May, August, or November.
When is Summit Hotel Properties dividend paid?
Summit Hotel Properties pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Summit Hotel Properties pay?
The specific amount of Summit Hotel Properties dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Summit Hotel Properties's dividend history.
Does Summit Hotel Properties stock pay dividends?
Yes, Summit Hotel Properties does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Summit Hotel Properties's dividend history.
How much dividend does Summit Hotel Properties pay?
Summit Hotel Properties paid $0.3 in 2024, $0.22 in 2023, $0.08 in 2022, $0.0 in 2021, and $0.18 in 2020.
How often does Summit Hotel Properties pay dividends?
Summit Hotel Properties typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Summit Hotel Properties's dividend yield?
The current dividend yield for Summit Hotel Properties is 4.53%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Summit Hotel Properties's exact dividend yield.
When does Summit Hotel Properties go ex dividend?
Summit Hotel Properties's ex-dividend date for the latest dividend was on 2024-11-15. Summit Hotel Properties typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Summit Hotel Properties dividend paid?
Summit Hotel Properties pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Summit Hotel Properties increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Summit Hotel Properties will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Summit Hotel Properties dividend per share?
Summit Hotel Properties paid $0.3 per share in 2024 and $0.22 per share in 2023. The amount of dividend per share that Summit Hotel Properties pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Summit Hotel Properties a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Summit Hotel Properties a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Summit Hotel Properties a dividend stock?
Yes, Summit Hotel Properties is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Summit Hotel Properties a good dividend stock?
Whether Summit Hotel Properties is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Summit Hotel Properties has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Summit Hotel Properties as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Summit Hotel Properties pay dividends monthly?
Summit Hotel Properties typically pays dividends on a quarterly basis.
Does Summit Hotel Properties pay dividends quarterly?
Summit Hotel Properties currently pays dividends on a quarterly basis.
Has Summit Hotel Properties ever paid a dividend?
Yes, Summit Hotel Properties has a history of paying dividends to its shareholders. Summit Hotel Properties is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Summit Hotel Properties dividend stocks?
To buy Summit Hotel Properties you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Summit Hotel Properties stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Summit Hotel Properties pay dividends 2024?
Summit Hotel Properties pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Summit Hotel Properties increase its dividend in 2024?
Decisions regarding Summit Hotel Properties dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Summit Hotel Properties dividend overview you can look into the above table of dividend history.
How Summit Hotel Properties dividend works?
The Summit Hotel Properties dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Summit Hotel Properties's dividend process works:

1. Determination of Dividend: Summit Hotel Properties's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Summit Hotel Properties publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Summit Hotel Properties distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Summit Hotel Properties are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Summit Hotel Properties dividends paid?
Summit Hotel Properties dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Summit Hotel Properties sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Summit Hotel Properties distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Summit Hotel Properties declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Summit Hotel Properties pay dividends?
Summit Hotel Properties typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Summit Hotel Properties pay dividends?
The general pattern is that Summit Hotel Properties pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Summit Hotel Properties dividend safe?
The safety of Summit Hotel Properties's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Summit Hotel Properties's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Summit Hotel Properties's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.