Sotherly Hotels Inc. (SOHON) to Issue Quarterly Dividend of $0.52 on December 16th

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Monday, October 28th, Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.5156 per share on Monday, December 16th. This represents a $2.06 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Stock Performance

SOHON stock traded down $0.04 during midday trading on Wednesday, hitting $18.64. The company’s stock had a trading volume of 1,826 shares, compared to its average volume of 2,748. The firm has a 50-day simple moving average of $18.48 and a 200-day simple moving average of $18.94. Sotherly Hotels has a 52-week low of $17.68 and a 52-week high of $23.04.

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.