Chatham Lodging Announces Preferred Dividend

Rhea-AI Summary

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) announced a preferred share dividend of $0.41406 per share, payable on April 18, 2022, to shareholders on record as of March 31, 2022. This dividend declaration reflects the company's ongoing commitment to return value to shareholders. Chatham Lodging operates 43 hotels across 16 states and the District of Columbia, focusing on upscale, extended-stay, and select-service hotels.

Positive

• Declared preferred share dividend of $0.41406 per share.
• Dividend payable on April 18, 2022, indicating strong shareholder returns.

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 43 hotels, today announced that its board of trustees has declared a preferred share dividend of $0.41406 per share, payable on April 18, 2022, to shareholders of record as of March 31, 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 43 hotels totaling 6,451 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/20220310005370/en/

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

Source: Chatham Lodging Trust

FAQ

What is the dividend amount for Chatham Lodging Trust?

The dividend amount declared by Chatham Lodging Trust is $0.41406 per share.

When will Chatham Lodging Trust's dividend be paid?

The dividend will be paid on April 18, 2022.

What is the record date for Chatham Lodging Trust's dividend?

The record date for the dividend is March 31, 2022.

What type of hotels does Chatham Lodging Trust invest in?

Chatham Lodging Trust invests primarily in upscale, extended-stay hotels and premium-branded, select-service hotels.