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

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Shareholders 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 yield of 11.07%. The ex-dividend date is Friday, November 29th.

Sotherly Hotels Price Performance

Shares of SOHON traded down $0.04 during mid-day trading on Wednesday, hitting $18.64. 1,826 shares of the company’s stock were exchanged, compared to its average volume of 2,748. Sotherly Hotels has a fifty-two week low of $17.68 and a fifty-two week high of $23.04. The business’s 50 day moving average is $18.48 and its two-hundred day moving average is $18.94.

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.