Wednesday, August 5, 2020

Update on Chatham Lodging Trust dividend situation

Chatman reported Q2 results and there was a chapter about dividends included.


Chatham paid 2020 dividends of $0.22 per common share during the first quarter and has indefinitely suspended its monthly dividend. Although not expected, any dividend required for Chatham to maintain its REIT status for 2020 will be declared in the 2020 fourth quarter and paid in January 2021. Pursuant to its amended credit facility, any dividends paid would include a cash component no greater than the minimum percentage allowed under the Internal Revenue Code.

So maybe some dividend will be payed early next year...light in the tunnel

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