Sotherly Hotels Inc. to Issue Quarterly Dividend of $0.50 (NASDAQ:SOHOB)

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.50 per share on Friday, March 14th. This represents a $2.00 annualized dividend and a yield of 11.75%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Trading Down 0.8 %

SOHOB stock traded down $0.14 during mid-day trading on Wednesday, hitting $17.03. 2,133 shares of the company were exchanged, compared to its average volume of 2,108. The business has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $17.94. Sotherly Hotels has a 12-month low of $16.01 and a 12-month high of $20.89.

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.