Summit Hotel Properties Announces $0.08 Common Dividend and Up to $0.39 Preferred Payouts
Summit Hotel Properties declared a $0.08 per share common dividend for Q1 2026, equating to a 6.8% annualized yield based on April 22 closing price. The REIT also approved $0.390625 and $0.3671875 dividends on its Series E and Series F preferred shares, plus a $0.328125 unit distribution on Series Z.
1. Dividend Declarations
The Board approved a $0.08 per share cash dividend on common stock and operating partnership units for Q1 ended March 31, 2026, representing a 6.8% annualized yield based on the April 22 closing price.
2. Preferred and Unit Distributions
Summit Hotel declared a $0.390625 per share dividend on its 6.25% Series E and $0.3671875 on its 5.875% Series F cumulative redeemable preferred shares, and a $0.328125 distribution on 5.25% Series Z perpetual preferred units.
3. Payment and Record Dates
All dividends and distributions are payable on May 29, 2026, to shareholders and unit holders of record as of May 15, 2026.
4. Portfolio Overview
As of April 23, 2026, the REIT owns 94 premium-branded lodging assets, including 52 wholly owned properties totaling 14,226 guestrooms across 24 states.