09-12-2018, 09:20 AM
Sold my position in Chatham Lodging Trust (CLDT) and used the proceeds to fill out my position in Altria Group (MO).
Chatham has had several years of declining FFO and a frozen dividend, while Altria raised the dividend by over 30% this year, and is expected to grow EPS at around 10% going forward. I didn't want to miss out on my opportunity to add to MO at a 5%+ yield.
Chatham has had several years of declining FFO and a frozen dividend, while Altria raised the dividend by over 30% this year, and is expected to grow EPS at around 10% going forward. I didn't want to miss out on my opportunity to add to MO at a 5%+ yield.