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

Sotherly Hotels Inc. (NASDAQ:SOHOB) declared a quarterly dividend on Monday, January 27th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.50 per share on Friday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $17.20 on Wednesday. Sotherly Hotels has a 1 year low of $16.01 and a 1 year high of $20.89. The business has a 50-day moving average of $17.21 and a two-hundred day moving average of $17.79.

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.