Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) was down 2.7% on Friday . The stock traded as low as $10.83 and last traded at $11.10. Approximately 2,344 shares changed hands during trading, a decline of 24% from the average daily volume of 3,100 shares. The stock had previously closed at $11.40.
Sotherly Hotels Trading Down 2.7%
The company has a 50-day moving average price of $12.77 and a two-hundred day moving average price of $15.09.
Sotherly Hotels Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be issued a dividend of $0.4922 per share. This represents a $1.97 annualized dividend and a yield of 17.7%. The ex-dividend date is Friday, October 31st.
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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