Sotherly Hotels Inc. Announces — Dividend of $0.50 (NASDAQ:SOHOB)

Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Rating) declared a — dividend on Wednesday, January 25th, Wall Street Journal reports. Shareholders of record on Tuesday, February 28th will be paid a dividend of 0.50 per share on Wednesday, March 15th. The ex-dividend date is Monday, February 27th.

Sotherly Hotels Stock Up 1.3 %

SOHOB traded up $0.31 during midday trading on Wednesday, reaching $25.07. 4,888 shares of the company’s stock were exchanged, compared to its average volume of 11,773. Sotherly Hotels has a one year low of $16.12 and a one year high of $26.00. The business has a 50-day simple moving average of $21.41 and a two-hundred day simple moving average of $21.51.

About Sotherly Hotels

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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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.