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| 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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