Recent sale : Chatham Lodging Trust

Sold all my shares in Chatham Lodging Trust (NYSE:CLDT) at $13.76 per share. Chatham has suspended dividends early 2020 and has not resumed then yet by now. Got tired of waiting dividend reinstatement and decided to sell. Chatham has also lagged in profits and I needed some tax deductions for next year.

Lets keep monitoring and wait until they start paying dividends again.

Chatham Lodging Trust update on dividend

Chatham paid 2020 dividends of $0.22 per common share during the first quarter and has suspended its monthly dividend. Although not expected, any dividend required for Chatham to maintain its REIT status for 2021 will be declared in the 2021 fourth quarter and paid in January 2022. 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 dividends coming in January 2022. Long wait to go.....

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

Chatham Lodging Trust temporary suspends dividend due to Corona Virus situation

Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, select-service hotels and owns 134 hotels wholly or through joint ventures, today announced that it has suspended its monthly dividend and will not declare a March dividend which would have been paid in April.

"Facing unprecedented operating conditions in the travel industry and little visibility, we believe it is most prudent to suspend our monthly dividend as a means of preserving shareholder value," commented Jeffrey H. Fisher, Chatham’s president and chief executive officer. "We are hopeful that the effects from COVID-19 will prove to be short-term and people will have the confidence to resume travel sooner rather than later. Our teams at Chatham and Island Hospitality have the experience to persevere through these situations, and we are thankful to have this platform that enables us to move aggressively and quickly. We are working vigorously to maximize revenue, and we are aggressively cutting operating costs and deferring all non-essential capital expenditures to minimize the adverse effects on cash flow."

New purchase : Chatham Lodging Trust

Added 22 shares of Chatham Lodging Trust (NYSE:CLDT) at $17.20 per share. I now hold 162 shares of CLDT

New purchase : Chatham Lodging Trust

Added 15 shares of Chatham Lodging Trust (CLDT) at $20.69 per share. I now hold 140 shares of CLDT.

New purchase : Chatham Lodging Trust

Added 45 shares of Chatham Lodging Trust (NYSE:CLDT) at $19.30 per share. I now hold 125 shares of CLDT.

New purchase : Chatham Lodging Trust

Added 40 shares of Chatham Lodging Trust (NYSE:CLDT) at $20.06 per share. I now hold 80 shares of CLDT.

CLDT pays dividend monthly with 6.4% yield on cost

New purchase : Chatham Lodging Trust

Started new position in portfolio. Chatham Lodging Trust (NYSE:CLDT).

http://chathamlodgingtrust.com/
 
Chatham Lodging Trust is a real estate investment trust (REIT) organized to invest primarily in premium-branded upscale extended-stay and select-service hotels.

CLDT pays dividend monthly and my starting Yield on Cost is 6.27%