Hotel real estate investment trust Chatham Lodging Trust (CLDT) announced Monday that its board of trustees has agreed to distribute a monthly common share dividend of $0.08 for May 2014.
The dividend will be payable on June 27 to shareholders who hold shares as of May 30.
CLDT shares rose 0.9% in early trading to $22.07. The stock is at the high end of the 52-week range between $16.13 and $22.23.
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