Summit Hotel Properties Series C Preferred Stock Shares Cross 7% Yield Mark
August 21, 2014 at 14:10 PM EDT
In trading on Thursday, shares of Summit Hotel Properties Inc's 7.125% Series C Cumulative Redeemable Preferred Stock (INN. RC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $25.43 on the day.