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

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.5156 per share on Monday, September 16th. This represents a $2.06 annualized dividend and a dividend yield of 10.92%. The ex-dividend date is Friday, August 30th.

Sotherly Hotels Price Performance

Shares of NASDAQ SOHON opened at $18.89 on Wednesday. The business has a 50-day simple moving average of $18.79 and a two-hundred day simple moving average of $19.26. Sotherly Hotels has a fifty-two week low of $18.47 and a fifty-two week high of $24.95.

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.