Chatham Lodging Trust (CLDT) Announces Monthly Dividend of $0.11

Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Friday, January 11th, Wall Street Journal reports. Stockholders of record on Thursday, January 31st will be given a dividend of 0.11 per share by the real estate investment trust on Friday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend is Wednesday, January 30th.

Chatham Lodging Trust has increased its dividend by an average of 3.8% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. 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%.

Shares of CLDT traded up $0.09 on Friday, reaching $19.58. 257,611 shares of the stock traded hands, compared to its average volume of 292,826. The stock has a market cap of $903.81 million, a PE ratio of 9.15 and a beta of 1.10. 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 has a 12 month low of $17.29 and a 12 month high of $23.51.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business had revenue of $90.23 million for the quarter, compared to analysts’ expectations of $87.42 million. Chatham Lodging Trust had a return on equity of 4.46% and a net margin of 11.28%. Equities analysts forecast that Chatham Lodging Trust will post 1.92 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on CLDT. ValuEngine upgraded Chatham Lodging Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut Chatham Lodging Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.60.

COPYRIGHT VIOLATION WARNING: This story was originally posted by WKRB News and is owned by of WKRB News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at

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.

Further Reading: Do Tariffs Work?

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

Receive News & Ratings for Chatham Lodging Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chatham Lodging Trust and related companies with's FREE daily email newsletter.

Leave a Reply