Sotherly Hotels Inc. (NASDAQ:SOHOO) Announces $0.49 Quarterly Dividend

Sotherly Hotels Inc. (NASDAQ:SOHOO) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.4922 per share on Friday, March 14th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 11.46%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Stock Up 0.3 %

Shares of NASDAQ:SOHOO traded up $0.05 during trading on Wednesday, reaching $17.18. 629 shares of the stock were exchanged, compared to its average volume of 1,610. Sotherly Hotels has a 12-month low of $15.15 and a 12-month high of $20.98. The firm’s 50-day moving average price is $17.13 and its 200 day moving average price is $17.85.

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.