Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report)’s share price shot up 1.6% on Wednesday . The stock traded as high as $17.67 and last traded at $17.64. 808 shares traded hands during trading, a decline of 12% from the average session volume of 917 shares. The stock had previously closed at $17.36.
Sotherly Hotels Stock Performance
The business’s 50-day moving average price is $17.60 and its 200-day moving average price is $18.07.
Sotherly Hotels Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.5156 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend is Friday, February 28th.
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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