Chatham Lodging Announces Preferred Dividend

Rhea-AI Summary

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) has declared a preferred share dividend of $0.41406 per share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. The company, which operates upscale, extended-stay hotels and premium-branded, select-service hotels, owns a total of 39 hotels, providing 5,914 rooms across 16 states and the District of Columbia. Chatham Lodging Trust is a self-advised, publicly-traded REIT, focused on investing in high-quality lodging properties.

Positive

• Preferred share dividend declared: $0.41406 per share.
• Dividend demonstrates company commitment to returning value to shareholders.

Negative

• None.

WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT; CLDT-PA), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 39 hotels, today announced that its board of trustees has declared a preferred share dividend of $0.41406 per share, payable on July 15, 2022, to shareholders of record as of June 30, 2022.

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 39 hotels totaling 5,914 rooms/suites in 16 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com.

Included in this press release are certain “non-GAAP financial measures,” within the meaning of Securities and Exchange Commission (SEC) rules and regulations, that are different from measures calculated and presented in accordance with GAAP (generally accepted accounting principles). The company considers the following non-GAAP financial measures useful to investors as key supplemental measures of its operating performance: (1) FFO, (2) Adjusted FFO, (3) EBITDA, and (4) Adjusted EBITDA. These non-GAAP financial measures could be considered along with, but not as alternatives to, net income or loss, cash flows from operations or any other measures of the company’s operating performance prescribed by GAAP.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220615005987/en/

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

Source: Chatham Lodging Trust

FAQ

What is the dividend amount declared by Chatham Lodging Trust?

The dividend amount declared is $0.41406 per share.

When is the preferred share dividend payable for CLDT?

The preferred share dividend is payable on July 15, 2022.

What is the record date for the dividend payment from CLDT?

The record date for the dividend payment is June 30, 2022.

How many hotels does Chatham Lodging Trust own?

Chatham Lodging Trust owns 39 hotels totaling 5,914 rooms/suites.

In which states does Chatham Lodging Trust operate?

Chatham Lodging Trust operates in 16 states and the District of Columbia.