Sotherly Hotels (NASDAQ:SOHOB) Shares Down 0.3%

Sotherly Hotels Inc. (NASDAQ:SOHOBGet Rating)’s stock price traded down 0.3% during trading on Wednesday . The company traded as low as $23.38 and last traded at $23.68. 256 shares were traded during trading, a decline of 94% from the average session volume of 4,270 shares. The stock had previously closed at $23.75.

Sotherly Hotels Stock Performance

The stock’s 50-day moving average is $24.21 and its 200 day moving average is $23.25.

Sotherly Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 8.45%.

Sotherly Hotels Company Profile

(Get Rating)

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.

Further Reading

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