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.

Separately, Zacks Investment Research raised shares of Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Chatham Lodging Trust presently has a consensus rating of “Hold” and an average price target of $20.60.

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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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Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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