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

Chatham Lodging Trust (REIT) (NYSE:CLDT) declared a quarterly dividend on Friday, June 5th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Chatham Lodging Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Chatham Lodging Trust has a dividend payout ratio of 800.0% meaning 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 $1.34 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 Price Performance

Shares of NYSE CLDT traded up $0.11 during midday trading on Friday, reaching $11.41. 481,021 shares of the stock traded hands, compared to its average volume of 318,296. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $532.68 million, a PE ratio of 570.55 and a beta of 1.12. Chatham Lodging Trust has a one year low of $6.08 and a one year high of $11.61. The company’s 50 day moving average is $9.27 and its 200 day moving average is $7.91.

Chatham Lodging Trust Company Profile

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.