Chatham Lodging Trust (REIT) (NYSE:CLDT) to Issue Quarterly Dividend of $0.10

Chatham Lodging Trust (REIT) (NYSE:CLDT) announced a quarterly dividend on Wednesday, March 4th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, March 31st. This is a 11.1% increase from Chatham Lodging Trust’s previous quarterly dividend of $0.09.

Chatham Lodging Trust has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Chatham Lodging Trust has a dividend payout ratio of 800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Chatham Lodging Trust to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 35.7%.

Chatham Lodging Trust Trading Down 2.6%

Shares of Chatham Lodging Trust stock opened at $7.75 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50-day moving average of $7.54 and a 200-day moving average of $7.02. Chatham Lodging Trust has a 52-week low of $5.83 and a 52-week high of $8.44. The stock has a market cap of $365.95 million, a PE ratio of 55.32 and a beta of 1.08.

Chatham Lodging Trust (NYSE:CLDT) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Chatham Lodging Trust had a return on equity of 1.92% and a net margin of 5.10%.The business had revenue of $67.74 million for the quarter, compared to the consensus estimate of $67.22 million. Chatham Lodging Trust has set its FY 2026 guidance at 1.040-1.140 EPS. As a group, sell-side analysts forecast that Chatham Lodging Trust will post 1.07 EPS for the current year.

Chatham Lodging Trust Company Profile

Chatham 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 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.