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 of this dividend is Wednesday, February 27th.
Chatham Lodging Trust has raised its dividend by an average of 3.8% per year 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 NYSE:CLDT opened at $20.77 on Tuesday. 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 52-week low of $17.29 and a 52-week high of $22.18. The firm has a market capitalization of $954.98 million, a PE ratio of 9.71 and a beta of 1.22.
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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