{"id":820601,"date":"2025-03-03T09:04:11","date_gmt":"2025-03-03T14:04:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-increases-common-dividend-29-percent\/"},"modified":"2025-03-03T09:04:11","modified_gmt":"2025-03-03T14:04:11","slug":"chatham-lodging-increases-common-dividend-29-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-increases-common-dividend-29-percent\/","title":{"rendered":"Chatham Lodging Increases Common Dividend 29 Percent"},"content":{"rendered":"

<\/p>\n

Chatham Lodging Increases Common Dividend 29 Percent<\/b><\/p>\n

Announces Preferred Dividend<\/i><\/b><\/p>\n

WEST PALM BEACH, Fla.–(BUSINESS WIRE<\/a>)–
\nChatham 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 quarterly common dividend by 29 percent, or $0.02 per common share, to $0.09 per share. Additionally, the board of trustees declared its regular preferred dividend. Both the $0.09 per share common dividend and preferred share dividend of $0.41406 per preferred share are payable on April 15, 2025, to shareholders of record as of March 31, 2025.<\/p>\n

\nFisher highlighted, \u201cOur management team and board of trustees are confident in our future. We have emerged from the pandemic and a meaningful wave of maturing debt over the past two years in a financially strong position with low leverage and capacity to make meaningful, accretive acquisitions and investments. Operationally, our RevPAR growth continues to outperform the industry, and our operating margins have stabilized and are growing. All of these positive developments increase distributable free cash flow, allowing us to return more money to our shareholders moving forward.\u201d<\/p>\n

About Chatham Lodging Trust<\/b><\/p>\n

\nChatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 36 hotels totaling 5,475 rooms\/suites in 15 states and the District of Columbia. Additional information about Chatham may be found at chathamlodgingtrust.com<\/a>.<\/p>\n

Forward-Looking Statement Safe Harbor<\/i><\/b><\/p>\n

Note: This press release contains forward-looking statements within the meaning of federal securities regulations. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,” “predict,” “project,” “will,” “continue” and other similar terms and phrases, including references to assumption and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: national and local economic and business conditions, including the effect on travel of potential terrorist attacks, that will affect occupancy rates at the company\u2019s hotels and the demand for hotel products and services; operating risks associated with the hotel business; risks associated with the level of the company\u2019s indebtedness and its ability to meet covenants in its debt agreements; relationships with property managers; the company\u2019s ability to maintain its properties in a Fourth-class manner, including meeting capital expenditure requirements; the company\u2019s ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; the company\u2019s ability to complete acquisitions and dispositions; and the company\u2019s ability to continue to satisfy complex rules in order for the company to remain a REIT for federal income tax purposes and other risks and uncertainties associated with the company\u2019s business described in the company’s filings with the SEC. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date hereof, and the company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the company\u2019s expectations.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250303707112\/en\/<\/a><\/span><\/p>\n

\nDennis Craven (Company)
\n
Chief Operating Officer
\n
(561) 227-1386<\/p>\n

KEYWORDS:<\/b> United States North America Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Lodging Commercial Building & Real Estate Construction & Property Travel<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Chatham Lodging Increases Common Dividend 29 Percent Announces Preferred 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 quarterly common dividend by 29 percent, or $0.02 per common share, to $0.09 per share. Additionally, the board of trustees declared its regular preferred dividend. Both the $0.09 per share common dividend and preferred share dividend of $0.41406 per preferred share are payable on April 15, 2025, to shareholders of record as of March 31, 2025. Fisher highlighted, \u201cOur management team and board of trustees are confident in our future. We have … <\/p>\n

Continue reading “Chatham Lodging Increases Common Dividend 29 Percent”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-820601","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nChatham Lodging Increases Common Dividend 29 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chatham-lodging-increases-common-dividend-29-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chatham Lodging Increases Common Dividend 29 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Chatham Lodging Increases Common Dividend 29 Percent Announces Preferred 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 quarterly common dividend by 29 percent, or $0.02 per common share, to $0.09 per share. Additionally, the board of trustees declared its regular preferred dividend. Both the $0.09 per share common dividend and preferred share dividend of $0.41406 per preferred share are payable on April 15, 2025, to shareholders of record as of March 31, 2025. Fisher highlighted, \u201cOur management team and board of trustees are confident in our future. 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