Chatham Lodging Trust Declares Monthly Dividend of $0.11 (CLDT)
Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Thursday, February 28th will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, March 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Wednesday, February 27th.
Chatham Lodging Trust has raised its dividend by an average of 3.8% annually over the last three years. Chatham Lodging Trust has a payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. 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%.
Shares of CLDT traded up $0.24 during midday trading on Monday, hitting $20.77. The stock had a trading volume of 165,496 shares, compared to its average volume of 243,689. Chatham Lodging Trust has a 1 year low of $17.29 and a 1 year high of $22.18. The company has a market cap of $954.98 million, a P/E ratio of 9.71 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65.
Chatham Lodging Trust Company Profile
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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