Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) shares rose 1% during trading on Thursday . The stock traded as high as $16.71 and last traded at $16.49. Approximately 1,279 shares traded hands during trading, a decline of 20% from the average daily volume of 1,604 shares. The stock had previously closed at $16.33.
Sotherly Hotels Trading Up 1.8 %
The company has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $17.65.
Sotherly Hotels Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.91%. The ex-dividend date was Friday, February 28th.
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.
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