Summit Hotel Properties Announces Dividends for Q1 2026 with Attractive Yield

Summit Hotel Properties Declares Q1 2026 Dividends

On April 23, 2026, Summit Hotel Properties, Inc. (NYSE: INN) announced that the Board of Directors has authorized and declared a cash dividend for the first quarter ending March 31, 2026. This dividend amounts to $0.08 per share of the company’s common stock and per common unit of limited partnership interest in Summit Hotel OP, LP.

This announcement is a significant one for investors, as the newly declared common dividend yields an annualized return of approximately 6.8%, based on the closing price of the common shares on April 22, 2026. This yields promising financial implications for current and prospective investors.

In addition to common stock dividends, the Board has also approved dividends on two series of preferred stock. Shareholders of Series E Cumulative Redeemable Preferred Stock will receive a dividend of $0.390625 per share for the period ending May 31, 2026. Likewise, those holding Series F Cumulative Redeemable Preferred Stock will receive $0.3671875 per share for the same period. These moves demonstrate the company’s ongoing commitment to providing value to its shareholders.

Furthermore, the Board of Directors has initiated a cash distribution for the operating partnership. The declared distribution of $0.328125 per unit pertains to the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period concluding on May 31, 2026.

The dividends are scheduled to be paid out on May 29, 2026, to holders on record as of May 15, 2026. This, coupled with the attractive annualized yield, reflects Summit’s robust performance and continued focus on shareholder value.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust (REIT) specializing in the acquisition and management of premium-branded hospitality properties. The firm primarily focuses on the upscale segment within the lodging industry, ensuring efficient operating models that attract both guests and investors alike.

As of the latest reports, Summit's portfolio comprises 94 properties, with 52 wholly owned assets providing a total of 14,226 guestrooms across 24 states in the U.S. This extensive portfolio not only positions the company favorably in the market but also showcases its commitment to maintaining high standards in hospitality.

For more information about Summit Hotel Properties and its investment strategies, you can visit their official website at www.shpreit.com or follow them on their social media pages, including X (formerly Twitter) at @SummitHotel_INN.

Forward-Looking Statements

This announcement contains forward-looking statements regarding future expectations related to dividends and financial performance. These statements are subject to various risks and uncertainties that could result in actual outcomes differing significantly from the predicted values. The company encourages investors to consider the broader economic conditions and industry-specific factors that may influence these expectations.

As the company positions itself for growth, Summit Hotel Properties remains committed to transparency and accountability, reinforcing trust with its investors and stakeholders. Keeping a close watch on market dynamics will be crucial as they continue to navigate the complexities of the hospitality industry.