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 declared a common share dividend of $0.175 for the 2011 fourth quarter.
Based on the company’s common share closing price of $10.03 at the close of business on December 14, the annualized dividend represents a yield of approximately 6.5 percent. The common dividend is payable January 27, 2012, to shareholders of record on December 30, 2011.
Chatham Lodging Trust is a self-advised REIT that was organized to invest in upscale extended-stay hotels and premium-branded, select-service hotels. The company currently owns 18 hotels with an aggregate of 2,414 rooms/suites in 10 states and the District of Columbia and holds a minority investment in a joint venture that owns 64 hotels with 8,329 rooms/suites.
Additional information about Chatham may be found at http://www.chathamlodgingtrust.com/.
Contact:
Jerry Daly, Carol McCune, Daly Gray Public Relations, (Media)
(703) 435-6293, jerry@dalygray.com
Dennis Craven, Chief Financial Officer, (Company, (561) 227-1386, dcraven@cl-trust.com
Patrick Daly
Account Supervisor
Daly Gray, Inc.
Office: (703) 435-6293
Cell: (703) 300-8289
No comments:
Post a Comment