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, set for payment on January 18, 2022. Shareholders on record as of December 31, 2021 will receive this dividend. The company focuses on upscale, extended-stay hotels and owns 41 hotels with 6,169 rooms/suites across 15 states and the District of Columbia.

Positive

• Declaration of $0.41406 preferred share dividend enhances income for shareholders.
• Ownership of 41 hotels indicates a diversified and stable portfolio.

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 41 hotels, today announced that its board of trustees has declared a preferred share dividend of $0.41406 per share, payable on January 18, 2022, to shareholders of record as of December 31, 2021.

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 41 hotels totaling 6,169 rooms/suites in 15 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/20211210005023/en/

Dennis Craven (Company)

Chief Operating Officer

(561) 227-1386

Source: Chatham Lodging Trust

FAQ

What is the preferred share dividend amount for CLDT?

The preferred share dividend amount for Chatham Lodging Trust (CLDT) is $0.41406 per share.

When will the dividend for CLDT shareholders be paid?

The dividend will be paid on January 18, 2022.

What is the record date for the CLDT dividend?

The record date for the dividend is December 31, 2021.

How many hotels does Chatham Lodging Trust own?

Chatham Lodging Trust owns 41 hotels.

In which states does CLDT operate?

Chatham Lodging Trust operates in 15 states and the District of Columbia.