Sotherly Hotels Inc. (NASDAQ:SOHOB) Declares $0.50 Quarterly Dividend

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.50 per share on Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date is Friday, November 29th.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHOB opened at $17.53 on Thursday. The company’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $18.50. Sotherly Hotels has a 52-week low of $16.20 and a 52-week high of $22.15.

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.