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.

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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.

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Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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