Summit Hotel Properties, Inc. filed an 8-K press release on October 27, 2026, announcing that its Board of Directors authorized and declared a cash dividend of $0.08 per share of common stock for the third quarter ended September 30, 2026, along with preferred stock dividends and operating partnership distributions.

Key Highlights

  • Common dividend: $0.08 per share of common stock and per common unit of limited partnership interest in Summit Hotel OP, LP, for the third quarter ended September 30, 2026.
  • Annualized yield: The company disclosed the third quarter common dividend represents an annualized dividend yield of 4.6 percent based on the closing price of common stock on October 26, 2026.
  • Series E preferred: $0.390625 per share of the 6.25% Series E Cumulative Redeemable Preferred Stock for the dividend period ending November 30, 2026.
  • Series F preferred: $0.3671875 per share of the 5.875% Series F Cumulative Redeemable Preferred Stock for the dividend period ending November 30, 2026.
  • Series Z preferred units: $0.328125 per unit for the operating partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending November 30, 2026.
  • Payment and record dates: All dividends and distributions are payable on November 30, 2026, to holders of record as of November 16, 2026.

Summit Hotel Properties Q3 2026 Dividend and Preferred Distribution Details

According to the filing, Summit Hotel Properties, Inc. (NYSE:INN), headquartered in Austin, Texas, announced on October 27, 2026, that its Board of Directors authorized and declared a cash dividend of $0.08 per share of common stock and per common unit of limited partnership interest in Summit Hotel OP, LP, the company's operating partnership. The company disclosed that this dividend corresponds to an annualized yield of 4.6 percent based on the common stock's closing price on October 26, 2026.

In addition to the common dividend, the filing reported two preferred stock dividends. The Board declared $0.390625 per share on the company's 6.25% Series E Cumulative Redeemable Preferred Stock, and $0.3671875 per share on the company's 5.875% Series F Cumulative Redeemable Preferred Stock, each covering the dividend period ending November 30, 2026. The operating partnership also declared a cash distribution of $0.328125 per unit on the unregistered 5.25% Series Z Cumulative Perpetual Preferred Units for the distribution period ending November 30, 2026.

The company noted that as of October 27, 2026, its portfolio consisted of 92 assets, 50 of which are wholly owned, with a total of 14,027 guestrooms located in 24 states. The filing described the company as a publicly traded real estate investment trust focused on owning premium-branded lodging properties primarily in the Upscale segment of the lodging industry. The press release contains forward-looking statements regarding dividend payment, which the company stated are subject to various risks and uncertainties as described in its filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2025.

What Was Disclosed

Summit Hotel Properties declared a Q3 2026 common dividend of $0.08 per share, preferred dividends of $0.390625 (Series E) and $0.3671875 (Series F) per share, and a Series Z preferred unit distribution of $0.328125, all payable November 30, 2026, to holders of record November 16, 2026.