Sotherly Hotels Inc. (NASDAQ:SOHOO) Plans Quarterly Dividend of $0.49

Sotherly Hotels Inc. (NASDAQ:SOHOO) announced a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.4922 per share on Monday, December 16th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date is Friday, November 29th.

Sotherly Hotels Price Performance

Sotherly Hotels stock traded down $0.30 during trading on Wednesday, reaching $18.10. The company had a trading volume of 1,181 shares, compared to its average volume of 1,683. The firm’s 50-day simple moving average is $18.24 and its 200 day simple moving average is $18.57. Sotherly Hotels has a 1-year low of $17.15 and a 1-year high of $23.45.

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.