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

Sotherly Hotels Inc. (NASDAQ:SOHOO) announced a quarterly dividend on Monday, January 27th, Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.4922 per share on Friday, March 14th. This represents a $1.97 annualized dividend and a yield of 11.59%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Price Performance

SOHOO opened at $16.98 on Wednesday. The stock has a fifty day moving average of $17.09 and a 200-day moving average of $17.67. Sotherly Hotels has a fifty-two week low of $15.15 and a fifty-two week high of $19.92.

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.