Sotherly Hotels Inc. (SOHON) to Issue Quarterly Dividend of $0.52 on March 14th

Sotherly Hotels Inc. (NASDAQ:SOHON) announced a quarterly dividend on Monday, January 27th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.5156 per share on Friday, March 14th. This represents a $2.06 dividend on an annualized basis and a yield of 11.96%. The ex-dividend date is Friday, February 28th.

Sotherly Hotels Stock Down 0.6 %

Shares of SOHON opened at $17.25 on Wednesday. The company has a 50-day simple moving average of $17.63 and a 200-day simple moving average of $18.03. Sotherly Hotels has a 52 week low of $16.82 and a 52 week 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.