10 Best Monthly Dividend Stocks With 5+% Yield

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5. Chatham Lodging Trust (NYSE:CLDT)

Next in line on our list of the 10 best monthly dividend stocks with 5+% yield, is another lodging REIT, Chatham Lodging Trust (NYSE:CLDT), which owns upscale and premium-branded hotels. Its portfolio currently includes 38 hotels with over 5,700 rooms. The company pays a dividend of $0.11 per share, which was raised from $0.10 in 2015, which itself was also significantly higher than the $0.07 it paid in 2013. The current dividend gives Chatham Lodging Trust (NYSE:CLDT)’s stock a yield of 6.40%. For the first quarter of 2017, Chatham Lodging Trust (NYSE:CLDT) posted FFO of $0.47 per share, beating estimates by $0.02. While the number of funds bullish on Chatham Lodging Trust (NYSE:CLDT) (among those tracked by Insider Monkey) increased by two to 13 during the first quarter, the value of their positions fell by 16% to $92.22 million.

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Zvonimir Atletic/Shutterstock.com

Zvonimir Atletic/Shutterstock.com

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