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 paid a dividend of 0.4922 per share on Monday, December 16th. This represents a $1.97 annualized dividend and a dividend yield of 11.25%. The ex-dividend date is Friday, November 29th.

Sotherly Hotels Trading Down 2.9 %

NASDAQ:SOHOO opened at $17.50 on Wednesday. Sotherly Hotels has a one year low of $17.15 and a one year high of $22.48. The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $18.41.

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.