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Stock Market & Financial Investment News

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April 9, 2014
08:51 EDTCLDTChatham Lodging increases dividend 14% to annual rate of 96c per share
Chatham Lodging Trust announced that its board of trustees has voted to raise the dividend by 14% to an annual rate of 96c per share. Chathamís board has declared a monthly common share dividend of 8c for April. The common share dividend is payable May 30 to shareholders of record on April 30. Dennis Craven, Chathamís CFO says, ďOur goal is to reward investors with dividend growth that correlates to growth in EBITDA and the 16% increase in FFO per share, using the midpoint of our 2014 FFO per share guidance, aligns with the 14% dividend increase."
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