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Summit Hotel Properties, Inc. (NYSE:INN) is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry.
The 52-week range of Summit Hotel Properties stock price was $5.66 to $7.22.
Summit Hotel Properties’ dividend yield is 4.90%. During the last 12 months, it paid $0.32 per share in dividends.
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The Latest On Summit Hotel Properties
On Nov. 4, the company announced its Q3 2024 earnings, posting an FFO of $0.22, above the consensus estimate of $0.20, while revenues of $176.807 million came in below the consensus of $181.296 million, as reported by Benzinga.
“We are pleased with our third quarter financial results, highlighted by our third consecutive quarter of Adjusted FFO growth as our accretive capital recycling program strategy offset moderate top-line growth in the quarter, which was negatively affected by disruption from Hurricane Helene in September in several of our key markets,” said Jonathan P. Stanner, the company’s President and Chief Executive Officer.
Trending: During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.
How Can You Earn $100 Per Month As A Summit Hotel Properties Investor?
If you want to make $100 per month –$1,200 annually – from Summit Hotel Properties dividends, your investment value needs to be approximately $24,490, which is around 3,750 shares at $6.53 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.90%). So, $1,200 / 0.049 = $24,490 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).