Summit Hotel Properties' Series E Preferred Stock Shares Cross 6.5% Yield Mark
August 15, 2018 at 15:53 PM EDT
In trading on Wednesday, shares of Summit Hotel Properties Inc's 6.250% Series E Cumulative Redeemable Preferred Stock (INN. RE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $23.73 on the day.