Summit Hotel Properties's Dividends per Share for the
three
months ended in Dec. 2023 was $0.06.
The historical rank and industry rank for Summit Hotel Properties's 3-Year Dividend Growth Rate or its related term are showing as below:
INN'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -51.9 Med: 6.9 Max: 17.9
Current: 6.9
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Summit Hotel Properties was 17.90% per year. The lowest was -51.90% per year. And the median was 6.90% per year.
INN's 3-Year Dividend Growth Rate is ranked better than 70.22% of 507
companies
in the REITs industry
Industry Median: 2.1
vs INN: 6.90
During the past 12 months, Summit Hotel Properties's average Dividends Per Share Growth Rate was 175.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Summit Hotel Properties's Dividend Payout Ratio for the
three
months ended in Dec. 2023 was 0.00. As of today, Summit Hotel Properties's Dividend Yield % is 3.76%.
Good Sign:
Summit Hotel Properties Inc stock dividend yield is close to 3-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
For the REIT - Hotel & Motel subindustry, Summit Hotel Properties's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Summit Hotel Properties 3-Year Dividend Growth Rate Distribution
For the REITs industry and Real Estate sector, Summit Hotel Properties's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Summit Hotel Properties's 3-Year Dividend Growth Rate falls into.
Summit Hotel Properties 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Summit Hotel Properties (NYSE:INN) 3-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Summit Hotel Properties's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Summit Hotel Properties was 3.19. The lowest was 0.80. And the median was 1.82.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Summit Hotel Properties Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.060
2024-02-14
2024-02-15
2024-02-29
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.060
2023-11-15
2023-11-16
2023-11-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.060
2023-08-16
2023-08-17
2023-08-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.060
2023-05-16
2023-05-17
2023-05-31
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Summit Hotel Properties's Dividend Yield (%) for Today is calculated as
Current Share Price is $6.37.
Summit Hotel Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.24.
During the past 13 years, the highest Dividend Yield of Summit Hotel Properties was 21.43%. The lowest was 0.47%. And the median was 4.16%.
Good Sign:
Summit Hotel Properties Inc stock dividend yield is close to 3-year high.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Summit Hotel Properties 3-Year Dividend Growth Rate Related Terms>
Summit Hotel Properties (Summit Hotel Properties) Business Description
Summit Hotel Properties Inc is a U.S.-based hotel investment company focusing on select-service hotels in the upscale and upper-midscale properties in the U.S. Substantially all of Summit's assets are held and operated by its Operating Partnership, Summit Hotel OP, LP, in which the company holds general and limited partnership interests. The firm has one segment in activities related to investing in real estate. Summit's revenue streams include Room and Other hotel operations revenue. Room comprises the majority of total revenues. The firm's hotels are located in various markets, such as corporate offices, retail centers, airports, state capitols, convention centers, and leisure attractions. Summit's hotels operate under brands, including Marriott, Hilton, Hyatt, and Holiday Inn.
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