Summit Hotel Properties' Series B Preferred Stock Yield Pushes Past 7.5%
February 13, 2015 at 14:11 PM EST
In trading on Friday, 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 $26.23 on the day.