Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) shares were up 4.5% during mid-day trading on Wednesday . The stock traded as high as $18.40 and last traded at $18.40. Approximately 5,787 shares traded hands during trading, an increase of 110% from the average daily volume of 2,758 shares. The stock had previously closed at $17.60.
Sotherly Hotels Stock Performance
The firm has a 50 day moving average price of $17.85 and a 200-day moving average price of $18.37.
Sotherly Hotels Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.5156 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.06 annualized dividend and a yield of 11.46%.
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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