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Summit Hotel Properties declares Q2 dividends

Summit Hotel Properties has declared a cash dividend for Q2 2024 of 8c per share of common stock of the company and per common unit of limited partnership interest in Summit Hotel OP, the company’s operating partnership. The company has also declared a cash dividend of $0.390625 per share of the company’s 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending on August 31, and a cash dividend of $0.3671875 per share of the company’s 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending on August 31. Additionally, the Board of Directors has authorized a cash distribution of $0.328125 per unit pertaining to the operating partnership’s unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending on August 31, 2024. The dividends are payable on August 30 to holders of record as of August 16.

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