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

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Stock Up 1.4 %

Shares of SOHON opened at $17.74 on Thursday. The company has a 50 day moving average price of $18.35 and a 200-day moving average price of $18.78. Sotherly Hotels has a fifty-two week low of $17.10 and a fifty-two week high of $22.00.

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.