Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report)’s share price rose 2.8% during mid-day trading on Wednesday . The company traded as high as $17.03 and last traded at $17.20. Approximately 895 shares traded hands during trading, a decline of 52% from the average daily volume of 1,868 shares. The stock had previously closed at $16.73.
Sotherly Hotels Stock Performance
The business’s 50 day simple moving average is $16.52 and its 200-day simple moving average is $17.21.
Sotherly Hotels Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.5156 per share. The ex-dividend date is Friday, May 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 11.99%.
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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