Friday, January 16, 2015

Chatham Lodging Raises Dividend 25 Percent

  
Jeffrey H. Fisher

 PALM BEACH, FL —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,  announced that its Board of Trustees has voted to raise its monthly dividend by 25 percent, or $0.02 per share.  On an annualized basis, the dividend will increase $0.24 to $1.20 per share, compared to $0.96 in 2014.

 “We have raised our annual dividend each year since our 2010 IPO, from $0.35 in 2010 to $1.20 per share for 2015, an increase of 243 percent and a testament to the strong cash flow that our platform is generating,” highlighted Jeffrey H. Fisher, Chatham’s chief executive officer and president.

“We are gratified that our Board of Trustees has the confidence to increase our monthly dividend once again, reflecting our strong 2014 performance and significant portfolio growth, making more than $500 million of hotel investments and catapulting our owned and joint venture assets to more than $3 billion.

“We will continue building Chatham to be the premier, select-service hotel REIT by accumulating a superior portfolio of investments financed with the right balance of equity and debt that will appreciate in value and generate strong cash flow which will enable us to reward our investors with an attractive and dependable dividend.”

For a complete copy of the company’s news release, please contact:


Chris Daly                                                                                    Dennis Craven
Daly Gray Public Relations                                                    Chief Financial Officer
(Media)                                                                                        (Company)
(703) 435-6293                                                                           (561) 227-1386  

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