Sotherly Hotels Inc. Announces Quarterly Dividend of $0.52 (NASDAQ:SOHON)

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.5156 per share on Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.82%. The ex-dividend date of this dividend is Friday, February 28th.

Sotherly Hotels Price Performance

Sotherly Hotels stock traded down $0.31 during midday trading on Wednesday, hitting $17.45. The company’s stock had a trading volume of 273 shares, compared to its average volume of 944. Sotherly Hotels has a 1-year low of $16.82 and a 1-year high of $20.67. The company has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $18.19.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.