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

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 dividend on an annualized basis and a yield of 11.75%. The ex-dividend date of this dividend is Friday, February 28th.

Sotherly Hotels Trading Down 0.8 %

Shares of SOHOB stock traded down $0.14 during trading hours on Wednesday, hitting $17.03. 2,133 shares of the company’s stock were exchanged, compared to its average volume of 2,108. The firm has a 50 day moving average of $17.25 and a two-hundred day moving average of $17.94. Sotherly Hotels has a fifty-two week low of $16.01 and a fifty-two week high of $20.89.

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.