PALM BEACH, FL—Chatham Lodging Trust, a REIT focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, has declared a common share dividend of $0.175 for the 2011 fourth quarter.
Based on the company’s common share closing price of $10.03 at the close of business on Dec. 14, the annualized dividend represents a yield of approximately 6.5%. The common dividend is payable January 27, 2012 to shareholders of record on Dec. 30, 2011.