Chatham Lodging Trust (CLDT) Plans $0.11 Monthly Dividend
Chatham Lodging Trust (NYSE:CLDT) declared a monthly dividend on Friday, February 9th, Zacks reports. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.11 per share by the real estate investment trust on Friday, March 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Tuesday, February 27th.
Chatham Lodging Trust has raised its dividend by an average of 12.8% per year over the last three years and has increased its dividend every year for the last 3 years. Chatham Lodging Trust has a payout ratio of 61.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Chatham Lodging Trust to earn $2.15 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 61.4%.
Chatham Lodging Trust (CLDT) traded up $0.05 during trading on Thursday, hitting $20.89. The stock had a trading volume of 17,790 shares, compared to its average volume of 308,976. The firm has a market cap of $938.76, a PE ratio of 30.65 and a beta of 1.01. Chatham Lodging Trust has a 12 month low of $18.66 and a 12 month high of $23.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.42 and a quick ratio of 1.42.
Chatham Lodging Trust Company Profile
Chatham Lodging Trust is a real estate investment trust. The Company invests primarily in upscale extended-stay and premium-branded select-service hotels. All of the Company’s assets are held by, and all of its operations are conducted through Chatham Lodging, L.P. (the Operating Partnership). The Company owned 41 hotels with an aggregate of 6,163 rooms located in 16 states and the District of Columbia.
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