Chatham Lodging Declares October Dividend

Chatham Lodging Trust has elected not to veer from its existing dividend policy. The real estate investment trust declared a monthly distribution of $0.07 per share for October, to be paid on November 29 to shareholders of record as of October 31.That amount is in line with all of the other monthly payouts the REIT has made so far in 2013.

At the beginning of this year, the company switched from paying dividends quarterly to handing them out on a monthly basis.

The just-declared dividend annualizes to $0.84 per share. That yields 4.6% at Chatham Lodging's most recent closing stock price of $18.40.


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The article Chatham Lodging Declares October Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Chatham Lodging Trust, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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