Summit Hotel Dividend Details: Key Insights Before Ex-Dividend Date on Aug 15, 2025

Summit Hotel Properties (INN) has announced its upcoming dividend with an ex-dividend date of Aug 15, 2025. The dividend will be $0.080 per share, payable on Aug 29, 2025. This amount is lower than the average of the last ten dividends at $0.119 per share. The dividend type is a cash dividend. The previous dividend was also $0.080 per share, paid on May 30, 2025, as a cash dividend, reflecting a consistent approach in recent payouts.

Recently, Summit Hotel Properties has attracted attention due to several developments. Analysts have upgraded INN's stock from a "sell" to a "hold" rating, indicating a shift in market sentiment. Meanwhile, State Street Corporation disclosed beneficial ownership of 4,922,579 shares, accounting for 4.4% of the company's common stock, which highlights significant institutional interest. Furthermore, Summit Hotel Properties reported a challenging operating environment with a 3.6% decline in same-store RevPAR and a 3.3% drop in average daily rates, underscoring the difficulties faced amidst economic uncertainty.

Over the past week, Summit Hotel Properties experienced mixed sentiment following its Q2 earnings call. The company acknowledged the ongoing challenges but remained focused on refining its strategy to navigate the uncertain market conditions. As of late, the stock forecast for INN indicates a bearish trend, with negative signals outweighing positive ones. However, the stock price saw a slight gain of 0.99% on Aug 11, 2025, rising from $5.03 to $5.08, reflecting some resilience despite broader market pressures.

In conclusion, investors should note that Aug 15, 2025, is the last day to purchase Summit Hotel Properties' shares to be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the dividend payout.