Sotherly Hotels Inc. (NASDAQ:SOHOB) to Issue $0.50 Quarterly Dividend

Sotherly Hotels Inc. (NASDAQ:SOHOB) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.50 per share on Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend is Friday, November 29th.

Sotherly Hotels Stock Performance

NASDAQ:SOHOB remained flat at $18.62 during trading hours on Wednesday. The company has a fifty day moving average of $18.33 and a 200-day moving average of $18.65. Sotherly Hotels has a 12 month low of $17.50 and a 12 month high of $23.41.

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.