Summit Hotel Properties Sets Second Quarter Dividend Payouts

The board of directors declared a cash dividend of $0.08 per share of common stock and per common unit of the company’s operating partnership, Summit Hotel OP, LP. Based on the closing share price on July 27, 2026, this payout reflects an annualized dividend yield of 4.6 percent.

Beyond common stock, the company announced distributions for its preferred series. Holders of the 6.25% Series E Cumulative Redeemable Preferred Stock will receive $0.390625 per share, while the 5.875% Series F Cumulative Redeemable Preferred Stock will see a payment of $0.3671875 per share. Additionally, the operating partnership declared a distribution of $0.328125 per unit for its 5.25% Series Z Cumulative Perpetual Preferred Units. All dividends and distributions are scheduled for payment on August 31, 2026, to investors of record as of August 17, 2026.