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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.08 | quarterly | 2024-11-29 |
2024-08-16 | $0.08 | quarterly | 2024-08-30 |
2024-05-16 | $0.08 | quarterly | 2024-05-31 |
2024-02-14 | $0.06 | quarterly | 2024-02-29 |
2023-11-15 | $0.06 | quarterly | 2023-11-30 |
2023-08-16 | $0.06 | quarterly | 2023-08-31 |
2023-05-16 | $0.06 | quarterly | 2023-05-31 |
2023-02-13 | $0.04 | quarterly | 2023-02-28 |
2022-11-15 | $0.04 | quarterly | 2022-11-30 |
2022-08-16 | $0.04 | quarterly | 2022-08-31 |
2020-02-13 | $0.18 | quarterly | 2020-02-28 |
2019-11-14 | $0.18 | quarterly | 2019-11-29 |
2019-08-15 | $0.18 | quarterly | 2019-08-30 |
2019-05-16 | $0.18 | quarterly | 2019-05-31 |
2019-02-13 | $0.18 | quarterly | 2019-02-28 |
2018-11-15 | $0.18 | quarterly | 2018-11-30 |
2018-08-15 | $0.18 | quarterly | 2018-08-31 |
2018-05-15 | $0.18 | quarterly | 2018-05-31 |
2018-02-15 | $0.18 | quarterly | 2018-02-28 |
2017-11-15 | $0.17 | quarterly | 2017-11-30 |
2017-08-14 | $0.17 | quarterly | 2017-08-31 |
2017-05-12 | $0.17 | quarterly | 2017-05-31 |
2017-02-10 | $0.16 | quarterly | 2017-02-28 |
2016-11-14 | $0.16 | quarterly | 2016-11-30 |
2016-08-12 | $0.13 | quarterly | 2016-08-31 |
2016-05-12 | $0.13 | quarterly | 2016-05-31 |
2016-02-11 | $0.12 | quarterly | 2016-02-29 |
2015-11-12 | $0.12 | quarterly | 2015-11-30 |
2015-08-12 | $0.12 | quarterly | 2015-08-31 |
2015-05-13 | $0.12 | quarterly | 2015-05-29 |
2015-02-11 | $0.12 | quarterly | 2015-02-27 |
2014-11-12 | $0.12 | quarterly | 2014-11-28 |
2014-08-13 | $0.12 | quarterly | 2014-08-29 |
2014-05-14 | $0.11 | quarterly | 2014-05-30 |
2014-02-12 | $0.11 | quarterly | 2014-02-28 |
2013-11-13 | $0.11 | quarterly | 2013-11-29 |
2013-08-14 | $0.11 | quarterly | 2013-08-31 |
2013-05-14 | $0.11 | quarterly | 2013-05-31 |
2013-02-11 | $0.11 | quarterly | 2013-02-28 |
2012-11-09 | $0.11 | quarterly | 2012-11-30 |
2012-08-09 | $0.11 | quarterly | 2012-08-31 |
2012-05-17 | $0.11 | quarterly | 2012-05-31 |
2012-02-15 | $0.11 | quarterly | 2012-02-29 |
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
Summit Hotel Properties Dividend FAQ
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.
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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.
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.
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.
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.