Chatham Lodging Trust Declares Quarterly Dividend for Series A Preferred Shares
Chatham Lodging Trust has declared a quarterly dividend of $0.41406 per share on its 6.625% Series A preferred shares (CLDT.PR.A), consistent with previous payouts. The forward yield is currently estimated at 8.23%. Shareholders of record as of September 30 will receive the payment, which is scheduled for October 15. This announcement aligns with Chatham Lodging Trust's ongoing dividend strategy and reflects stability in its preferred share distribution. The company also updated its full-year 2026 outlook, projecting adjusted FFO per share between $1.28 and $1.34 alongside RevPAR growth of 1.5% to 3%. Recent earnings results beat both revenue and profit expectations, signaling strong performance despite ongoing risks in the hotel REIT sector. Analysts have noted a narrowing discount for Chatham Lodging Trust's shares, suggesting potential value for investors willing to navigate market volatility.
Tickers: $CLDT
Topics: Chatham Lodging Trust dividends REIT