Summit Hotel Properties Series C Preferred Stock Crosses Above 7% Yield Territory
November 21, 2014 at 14:07 PM EST
In trading on Friday, 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 $25.30 on the day.
