Sotherly Hotels Inc. (NASDAQ:SOHON) Declares Quarterly Dividend of $0.52

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.5156 per share on Friday, March 14th. This represents a $2.06 annualized dividend and a yield of 12.88%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Trading Down 9.8 %

Sotherly Hotels stock traded down $1.75 during mid-day trading on Wednesday, hitting $16.01. 273 shares of the company traded hands, compared to its average volume of 944. Sotherly Hotels has a one year low of $16.82 and a one year high of $20.67. The stock has a fifty day moving average price of $17.59 and a 200-day moving average price of $18.19.

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.