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 October 17, 2022, to shareholders on record as of September 30, 2022. The company operates in the upscale and extended-stay hotel markets, owning 39 properties across 16 states and the District of Columbia, totaling 5,914 rooms/suites.

Positive

• Dividend of $0.41406 per preferred share announced.
• Confidence in income stability highlighted by the dividend declaration.

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 October 17, 2022, to shareholders of record as of September 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/20220901005055/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?

Chatham Lodging Trust declared a preferred share dividend of $0.41406 per share.

When will the dividend for CLDT-PA be paid?

The dividend will be payable on October 17, 2022.

Who are eligible shareholders for the Chatham Lodging Trust dividend?

Shareholders on record as of September 30, 2022, are eligible for the dividend.