Stock Buy - Chatham Lodging (50 shares, $66 dividend income)

Chatham Lodging Trust (NYSE: CLDT) is a real estate investment trust that owns a portfolio of upscale hotels with almost 6000 rooms. Some of their hotel brands include extended-stay types such as the Residence Inn by Marriott, Homewood Suites, Courtyard by Marriott, the Hampton Inn, the SpringHill Suites, the Hilton Garden Inn and the Hyatt Place. Additionally, the company owns interests in over 130 hotels totaling over 18,000 rooms/suites.

Hotel Portfolio by CLDT

Chatham is a small cap company under 1B with a low dividend payout ratio (~53%) and healthy profit margin so I'd expect the company to keep growing revenues and their dividend to be sustainable. The recent volatility in the hotel REIT sector is providing an attractive entry to this stock and I will put the almost 6% dividend to good use by reinvesting it to get more shares for a long time to come.

This purchase will add $66 dividend income to my dividend stock portfolio

Basic info:
Market CAP: 860m     EPS:$0.86   Dividend: $1.32 (5.95%)