Chatham Lodging Trust to increase FY13 dividend 5% to 84c Chatham's board voted to raise the dividend in 2013 by 5%, to an annual rate of 84% per share, and to convert the company's current quarterly dividend to a monthly dividend of 7c per share beginning in January 2013. "Our goal is to build a superior portfolio of investments that will appreciate in value and generate an attractive and dependable dividend over time for our investors," said the company.
Chatham Lodging files to sell 2.5M shares of common stock The Company will contribute the net proceeds of the offering to its operating partnership in exchange for common units of limited partnership interest in the operating partnership. The Company’s operating partnership intends to use the net proceeds to pay a portion of the $90 million purchase price for the acquisition of a upscale extended-stay hotel located in San Diego, California. Barclays is acting as sole book-running manager for the offering.