Chatham Lodging Trust (REIT) (CLDT) to Distribute Quarterly Dividend of $0.10 on January 15th

Chatham Lodging Trust (REIT) (NYSE:CLDT – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Wednesday, December 30th will be paid a dividend of $0.10 per share by the real estate investment trust on Friday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, December 30th.

Chatham Lodging Trust has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend 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 research analysts expect Chatham Lodging Trust to earn $1.41 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 28.4%.

Chatham Lodging Trust Stock Up 2.4%

Shares of CLDT opened at $15.47 on Friday. The stock’s 50-day moving average price is $13.72 and its 200-day moving average price is $11.10. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.28. Chatham Lodging Trust has a 52 week low of $6.38 and a 52 week high of $15.76. The company has a market capitalization of $722.09 million, a price-to-earnings ratio of 12.40 and a beta of 1.11.

Chatham Lodging Trust (NYSE:CLDT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. Chatham Lodging Trust had a return on equity of 1.56% and a net margin of 4.00%. The firm had revenue of $87.80 million for the quarter, compared to analyst estimates of $82.01 million. On average, sell-side analysts predict that Chatham Lodging Trust will post 1.36 EPS for the current year.

Chatham Lodging Trust News Summary

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Chatham Lodging Trust Company Profile

(Get Free Report)

Chatham Lodging Trust was a real estate investment trust that owned and operated upscale hotels and premium-branded select-service hotels in the United States. Its portfolio included properties affiliated with nationally recognized hotel brands, serving business and leisure travelers in urban, suburban and resort-oriented markets.

The company’s lodging portfolio included full-service and select-service hotels operating under brands such as Hilton, Marriott and Hyatt. Chatham focused on acquiring, owning and enhancing hotel properties, while working with third-party management companies to oversee day-to-day operations.

Founded in 2009 and based in New York, Chatham Lodging Trust became a publicly traded company on the New York Stock Exchange in 2010.

See Also

Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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