Summit Hotel Properties' Series B Preferred Stock Shares Cross 7.5% Yield Mark
July 14, 2014 at 14:25 PM EDT
In trading on Monday, shares of Summit Hotel Properties Inc's 7.875% Series B Cumulative Redeemable Preferred Stock (INN. RB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $26.20 on the day.