Sotherly Hotels Inc. (NASDAQ:SOHOO) Announces Quarterly Dividend of $0.49

Sotherly Hotels Inc. (NASDAQ:SOHOO) declared a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Investors of record on Friday, May 31st will be given a dividend of 0.4922 per share on Monday, June 17th. This represents a $1.97 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.49.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHOO opened at $19.10 on Thursday. The stock’s 50-day moving average is $18.94 and its two-hundred day moving average is $20.17. Sotherly Hotels has a 1-year low of $17.15 and a 1-year high of $24.95.

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.