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

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 10.74%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Price Performance

Shares of NASDAQ SOHOB remained flat at $18.62 during midday trading on Wednesday. The company’s 50 day moving average is $18.33 and its 200 day moving average is $18.65. Sotherly Hotels has a 12-month low of $17.50 and a 12-month high of $23.41.

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.