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

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Monday, October 28th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.5156 per share on Monday, December 16th. This represents a $2.06 annualized dividend and a dividend yield of 11.79%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Stock Down 0.7 %

Shares of SOHON stock opened at $17.50 on Wednesday. The firm’s 50-day moving average is $18.36 and its two-hundred day moving average is $18.79. Sotherly Hotels has a 12 month low of $17.10 and a 12 month high of $22.00.

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.