Sotherly Hotels (NASDAQ:SOHOB) Trading Down 0.8% – What’s Next?

Sotherly Hotels Inc. (NASDAQ:SOHOB)’s stock price traded down 0.8% during mid-day trading on Wednesday . The stock traded as low as $17.85 and last traded at $17.85. 156 shares traded hands during trading, a decline of 93% from the average session volume of 2,358 shares. The stock had previously closed at $18.00.

Sotherly Hotels Price Performance

The stock’s 50-day moving average price is $18.25 and its 200-day moving average price is $18.56.

Sotherly Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.00 annualized dividend and a dividend yield of 11.32%.

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.