Sotherly Hotels Inc. (SOHOB) to Issue Quarterly Dividend of $0.50 on September 16th

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.50 per share on Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 10.82%. The ex-dividend date is Friday, August 30th.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHOB traded down $0.11 during trading hours on Wednesday, hitting $18.48. 822 shares of the company traded hands, compared to its average volume of 2,899. The company’s 50 day moving average price is $18.70 and its 200 day moving average price is $19.02. Sotherly Hotels has a 12 month low of $17.50 and a 12 month high of $24.75.

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.