Sotherly Hotels Inc. (NASDAQ:SOHOO) Plans Quarterly Dividend of $0.49

Sotherly Hotels Inc. (NASDAQ:SOHOO) declared a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.4922 per share on Monday, September 16th. This represents a $1.97 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date is Friday, August 30th.

Sotherly Hotels Stock Performance

Sotherly Hotels stock opened at $18.54 on Wednesday. The business has a 50-day simple moving average of $18.42 and a two-hundred day simple moving average of $18.85. Sotherly Hotels has a 52-week low of $17.15 and a 52-week high of $24.45.

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.