Chatham Lodging Trust (CLDT) to Issue $0.11 Monthly Dividend

Chatham Lodging Trust (NYSE:CLDT) declared a monthly dividend on Friday, January 11th, Wall Street Journal reports. Investors of record on Thursday, January 31st will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, February 22nd. This represents a $1.32 annualized dividend and a yield of 6.74%. The ex-dividend date is Wednesday, January 30th.

Chatham Lodging Trust has increased its dividend payment by an average of 3.8% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Chatham Lodging Trust has a payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Chatham Lodging Trust to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 66.7%.

NYSE CLDT traded up $0.09 during trading hours on Friday, hitting $19.58. 257,611 shares of the company traded hands, compared to its average volume of 292,826. Chatham Lodging Trust has a twelve month low of $17.29 and a twelve month high of $23.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $903.81 million, a PE ratio of 9.15 and a beta of 1.10.

Chatham Lodging Trust (NYSE:CLDT) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Chatham Lodging Trust had a return on equity of 4.46% and a net margin of 11.28%. The firm had revenue of $90.23 million during the quarter, compared to analysts’ expectations of $87.42 million. As a group, research analysts forecast that Chatham Lodging Trust will post 1.92 EPS for the current year.

Several research analysts recently commented on CLDT shares. ValuEngine cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.60.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns interests in 136 hotels totaling 18,616 rooms/suites, comprised of 41 properties it wholly owns with an aggregate of 6,117 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,499 rooms/suites.

Further Reading: Bollinger Bands

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with's FREE daily email newsletter.

Leave a Reply