Chatham Lodging Announces Monthly Dividend

Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 133 hotels wholly or through joint ventures, today announced that its board of trustees has declared a monthly common share dividend of $0.11 for November 2016. The common dividend is payable December 30, 2016, to shareholders of record on November 30, 2016.

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 interests in 133 hotels totaling 18,178 rooms/suites, comprised of 38 properties it wholly owns with an aggregate of 5,712 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,498 rooms/suites. 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: http://www.businesswire.com/news/home/20161110005331/en/
Copyright Business Wire 2010

If you liked this article you might like

10 Ideas for Generating Monthly Dividends

10 Ideas for Generating Monthly Dividends

Be Cautious in Case of a Second-Half Hiccup

Be Cautious in Case of a Second-Half Hiccup

When Thinking REITs, Think Chatham Lodging

When Thinking REITs, Think Chatham Lodging

Pebblebrook Hotel Trust Is a Great Stock to Buy Right Now

Pebblebrook Hotel Trust Is a Great Stock to Buy Right Now

5 Dividend Stocks With Charts That Suggest Sell Signals Ahead

5 Dividend Stocks With Charts That Suggest Sell Signals Ahead