Chatham Lodging Trust (NYSE:CLDT) announced a monthly dividend on Wednesday, July 10th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.11 per share by the real estate investment trust on Friday, August 30th. This represents a $1.32 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend is Tuesday, July 30th.

Chatham Lodging Trust has raised its dividend by an average of 3.8% annually over the last three years. Chatham Lodging Trust has a payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Chatham Lodging Trust to earn $1.86 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 71.0%.

NYSE CLDT opened at $18.68 on Friday. Chatham Lodging Trust has a 12 month low of $17.29 and a 12 month high of $22.03. The stock has a market capitalization of $869.72 million, a PE ratio of 9.68 and a beta of 1.08. The business has a fifty day moving average of $18.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.25 and a current ratio of 1.25.

Chatham Lodging Trust (NYSE:CLDT) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.29). Chatham Lodging Trust had a return on equity of 3.64% and a net margin of 8.92%. The company had revenue of $75.68 million during the quarter, compared to analysts’ expectations of $73.69 million. As a group, equities research analysts expect that Chatham Lodging Trust will post 1.86 earnings per share for the current year.

Separately, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.00.

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 137 hotels totaling 18,783 rooms/suites, comprised of 42 properties it wholly owns with an aggregate of 6,283 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 12,500 rooms/suites.

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Dividend History for Chatham Lodging Trust (NYSE:CLDT)

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