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

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.5156 per share on Monday, December 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Price Performance

NASDAQ:SOHON traded down $0.04 during midday trading on Wednesday, hitting $18.64. The company’s stock had a trading volume of 1,826 shares, compared to its average volume of 2,748. The firm’s 50 day moving average is $18.48 and its 200-day moving average is $18.94. Sotherly Hotels has a fifty-two week low of $17.68 and a fifty-two week high of $23.04.

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.