Chatham Lodging Trust Raises Quarterly Dividend 11% to $0.10 Per Share
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust, declared a quarterly common dividend of $0.10 per share, an 11% increase from the prior quarter's $0.09. The company also announced a $92 million portfolio acquisition.
Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust, declared a quarterly common dividend of $0.10 per share, an 11% increase from the prior quarter's $0.09. The board also declared a preferred share dividend of $0.41406 per share. Read more dividend announcements.
The dividend marks the second consecutive year of double-digit percentage increases for the company's common shareholders. Payment will be made on April 15, 2026, to shareholders of record as of March 31, 2026.
| Dividend Details | Common Share | Preferred Share |
|---|---|---|
| Amount | $0.10 | $0.41406 |
| Previous Amount | $0.09 | N/A |
| Percentage Increase | 11% | N/A |
| Record Date | March 31, 2026 | March 31, 2026 |
| Payment Date | April 15, 2026 | April 15, 2026 |
Jeffrey H. Fisher, president and chief executive officer, attributed the dividend increase to the company's repositioning for growth and improving industry fundamentals. He cited historically low new supply growth, increased technology investments, and moderating labor cost pressures as tailwinds for the lodging sector.
Portfolio Acquisition
Chatham completed the acquisition of six Hilton-branded hotels totaling 589 rooms for $92 million, or approximately $156,000 per room. The portfolio includes two Homewood Suites, two Hampton Inn and Suites, and two Home2 Suites properties.
The hotels are located in Joplin, Missouri (two properties), Effingham, Illinois (two properties), and Paducah, Kentucky (two properties). Fisher said the acquisition represents an approximately 10% capitalization rate based on 2025 hotel net operating income.
Chatham funded the purchase with available cash and borrowings on its revolving credit facility. The company expects the transaction to be accretive to free cash flow.