Chatham Lodging Announces Preferred Dividend

Rhea-AI Summary

Chatham Lodging Trust (NYSE: CLDT; CLDT-PA) has announced a preferred share dividend of $0.48307 per share, payable on October 15, 2021. Shareholders on record as of September 30, 2021 will receive this dividend, marking a significant return for investors. The company, focusing on upscale, extended-stay hotels and select-service hotels, owns 41 properties totaling 6,169 rooms across 15 states and the District of Columbia. Chatham's commitment to shareholder returns is demonstrated through this dividend declaration.

Positive

• Declaring a preferred share dividend of $0.48307 per share, enhancing shareholder value.
• Demonstrates the company's commitment to returning income to shareholders.

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• 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 $0.48307 per share, payable on October 15, 2021 (long first dividend period), to shareholders of record as of September 30, 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/20210917005041/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 dividend of $0.48307 per preferred share.

When will the dividend be paid?

The dividend will be paid on October 15, 2021.

What is the record date for the dividend?

The record date for the dividend is September 30, 2021.

How many hotels does Chatham Lodging Trust own?

Chatham Lodging Trust owns 41 hotels totaling 6,169 rooms/suites.

What is the stock symbol for Chatham Lodging Trust?

The stock symbols for Chatham Lodging Trust are CLDT and CLDT-PA.