Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) shares rose 0.1% during mid-day trading on Wednesday . The stock traded as high as $18.51 and last traded at $18.51. Approximately 285 shares traded hands during trading, a decline of 90% from the average daily volume of 2,729 shares. The stock had previously closed at $18.50.
Sotherly Hotels Trading Up 2.3 %
The company’s fifty day moving average price is $18.39 and its 200-day moving average price is $18.94.
Sotherly Hotels Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, August 30th. This represents a $2.00 annualized dividend and a dividend yield of 10.53%.
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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