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

Sotherly Hotels Inc. (NASDAQ:SOHON) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given 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 Price Performance

Shares of NASDAQ:SOHON traded down $1.75 during trading on Wednesday, hitting $16.01. The company’s stock had a trading volume of 273 shares, compared to its average volume of 944. The company has a 50-day moving average of $17.59 and a 200-day moving average of $18.19. Sotherly Hotels has a 12 month low of $16.82 and a 12 month high of $20.67.

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.