Sotherly Hotels Inc. (NASDAQ:SOHOB) Announces $0.50 Quarterly Dividend

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.50 per share on Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHOB opened at $17.53 on Wednesday. The business’s 50 day simple moving average is $18.22 and its 200-day simple moving average is $18.51. Sotherly Hotels has a 12 month low of $16.20 and a 12 month high of $22.15.

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.