After months of speculation, Kate Middleton, Duchess of Cambridge, and Prince William chose the name Charlotte Elizabeth Diana for their new royal baby.

In honor of Her Royal Highness, BabyCenter experts found five important facts about the little one's name. Take a look:

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-- It's popular. Charlotte ranked seventh last year, up one spot from 2013 when it ranked eighth, according to BabyCenter's 2014 list of the top baby names. (In 2014, Elizabeth dropped one place in the rankings from 29th to 30th and Diana jumped up 33 spots from 321st to 288th.)

PhotosPrince William, Kate Middleton and familyPhotosPrince George Alexander Louis

-- It's classic. Linda Murray, BabyCenter's global editor-in-chief commented: “True to form, Will and Kate have chosen another classic name for the new princess. Americans continue to have an affinity for the royal family and we expect to see the name Charlotte rise in popularity, as George did in 2013.”

-- It has a history. The name Charlotte has a long royal heritage. England’s Queen Charlotte was the wife of George III. The couple also had a daughter they named Charlotte, according to BabyCenter.

-- It's meaningful. Charlotte is the feminine version of the name Charles, meaning “free man.”

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-- It's noteworthy. Other famous namesakes of baby Charlotte include esteemed English writer Charlotte Bronte and Welsh singer-songwriter Charlotte Church.