Chatham Lodging Trust (REIT) Announces Quarterly Dividend of $0.10 (NYSE:CLDT)

Chatham Lodging Trust (REIT) (NYSE:CLDT) announced a quarterly dividend on Friday, June 5th. Investors of record on Tuesday, June 30th will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Chatham Lodging Trust has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Chatham Lodging Trust to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.9%.

Chatham Lodging Trust Stock Performance

CLDT opened at $11.41 on Friday. The business has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $7.94. The company has a market capitalization of $532.67 million, a PE ratio of 570.55 and a beta of 1.12. Chatham Lodging Trust has a 1 year low of $6.08 and a 1 year high of $11.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.