In today’s stock market, a lot of things come at a premium. You want a dividend stock with solid growth potential? Prepare to pay a premium, because other investors want the same. You want a stock that pays monthly dividends? Prepare to pay a premium for that, too. The “supply and demand” mechanism means opportunities can be hard to find for income investors. However, that doesn’t mean you have to settle for a low-yield portfolio. In fact, the monthly dividend stock I’m looking at now pays a solid 6.3% yield and has decent growth potential.
The company in question is Chatham Lodging Trust (NYSE:CLDT), a real estate investment trust (REIT) headquartered in West Palm Beach, Florida. The REIT invests primarily in upscale, extended-stay hotels and premium-branded, select service hotels. It currently owns interests in 133 hotels, totaling 18,219 rooms. The No. 1 reason to consider Chatham Lodging Trust is its dividends. The company pays monthly dividends of $0.11 per share. At today’s price, that translates to a handsome annual dividend yield of 6.73%.
Source: Income Investors
Related Articles:
- Charlie Munger's 10 Rules for Investment Success
- Early Warning Signs of a Dividend Cut
- The Best Dividend Stocks In The World
- Never Fall In Love With A Stock
- My 4 Largest Dividend Growth Stock Positions Have Double-Digit Lifetime Returns
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Three dividend-paying pharmaceutical investments to purchase amid the COVID-19 crisis avoid focusing solely on the top contenders for develo...
-
You don't need to pay a big price for a large payout. There are plenty of stocks trading in the single digits that continue to pay regul...
-
After a four-month run of steady gains, September brought sudden, sharp, losses across the board. The NASDAQ, which peaked over 12,000 on Se...
-
There are 65 so-called “dividend aristocrats,” which is the name given to companies that have managed to increase their dividends for 25 con...
-
There is no doubt that being an income investor in today’s bull market isn’t cool. But then again, it never is. No one likes to focus on div...
-
Recently, this stock has outperformed the US Telecom ETF, IYZ, over the past month and quarter, but it still lags IYZ and the S&P over t...
-
Today, we’ve pulled up three ‘Perfect 10’ stocks, which are also fine defensive plays, with dividends yielding 5% or higher. At a time when ...
-
The current correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in ...
-
This stock has been an up and down ride, which we've held on for, due to the very attractive yield over cost. Management was able to inc...
-
Looking for more security in the high yield space? Maybe you should consider preferred shares, particularly cumulative preferreds. This secu...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.