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

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given 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 Stock Performance

NASDAQ:SOHON traded down $0.31 during mid-day trading on Wednesday, hitting $17.45. 273 shares of the stock traded hands, compared to its average volume of 944. The firm’s 50 day moving average is $17.59 and its two-hundred day moving average is $18.19. Sotherly Hotels has a 52 week low of $16.82 and a 52 week high of $20.67.

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.