Chatham Lodging Trust (CLDT) Raises Monthly Dividend 10% to $0.11; 6.6% Yield
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Chatham Lodging Increases Dividend 10 Percent
March 1, 2016 6:45 AM ESTAnnounces Monthly Dividend
WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that its Board of Trustees has raised its regular monthly dividend by 10 percent, or $0.01 per common share, to $0.11 per share.
We have raised our dividend each year since our 2010 IPO, from $0.35 in 2010 to $1.30 per share for 2016, furthering our commitment to increase our dividend in tandem with our growth in cash flow, EBITDA and adjusted... More
