Investors have increasingly embraced fixed income ETFs, favoring their low-cost structure, ease of u...
Income Expert Checks in at Chatham Lodging
03/20/2018 5:00 am EST
Each day I scour the market for opportunities in stocks; I focus on stocks that have safe and generous yields, usually averaging 4.5%, explains income specialist John Dobosz, editor of Forbes Dividend Investor.
West Palm Beach, Forida-based Chatham Lodging Trust (CLDT) is a real estate investment trust that invests in upscale and premium-branded hotels.
Chatham owns interests in 135 hotels with 18,516 rooms, including 40 wholly owned properties with 6,018 rooms, in 15 states and the District of Columbia. It also owns a minority interest in two joint ventures with 95 hotels and 12,498 rooms.
Revenue this year is expected to climb 5% to $313.9 million. Chatham is a monthly dividend-payer, with the ex-dividend date for the next $0.11 per share payout coming up on March 27.
Chatham produced a 10.7% total return for us in the Top 25 from April 21, 2017, through February 9, 2018, when we got rid of CLDT because it violated a 10% trailing stop. The stock was at $20.88 one month ago, and it went on to drop to lows near $18 at the end of last month.
In addition to the monthly dividend and discounted valuations relative to history (above), what’s also encouraging about CLDT is a rash of buying in the past two weeks by company insiders, including the chief executive officer, chief operating officer, and chief investment officer.
Related Articles on DIVIDEND
At present, our model portfolio does not hold any high-yield pure plays in healthcare. So, I wanted ...
My investment plan is to focus on owning higher yield dividend stocks with potential for dividend gr...
Sweet words from Fed Chairman Jerome Powell assuring us that interest rates wouldn’t be rising...