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

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.5156 per share on Monday, December 16th. This represents a $2.06 annualized dividend and a yield of 11.07%. The ex-dividend date is Friday, November 29th.

Sotherly Hotels Trading Down 0.2 %

Shares of Sotherly Hotels stock traded down $0.04 during trading hours on Wednesday, hitting $18.64. 1,826 shares of the company’s stock traded hands, compared to its average volume of 2,748. The company has a fifty day simple moving average of $18.48 and a 200-day simple moving average of $18.94. Sotherly Hotels has a 12-month low of $17.68 and a 12-month high of $23.04.

About Sotherly Hotels

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.