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

Sotherly Hotels Inc. (NASDAQ:SOHOO) announced a quarterly dividend on Monday, January 27th,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 11.58%. The ex-dividend date of this dividend is Friday, February 28th.

Sotherly Hotels Trading Down 0.8 %

SOHOO stock traded down $0.13 during trading on Wednesday, hitting $17.00. The stock had a trading volume of 629 shares, compared to its average volume of 1,633. The company’s 50-day moving average price is $17.13 and its two-hundred day moving average price is $17.85. Sotherly Hotels has a twelve month low of $15.15 and a twelve month high of $20.98.

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.