Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) shares were down 1.3% on Wednesday . The stock traded as low as $16.70 and last traded at $16.82. Approximately 4,797 shares traded hands during mid-day trading, an increase of 149% from the average daily volume of 1,923 shares. The stock had previously closed at $17.04.
Sotherly Hotels Stock Performance
The stock’s 50-day moving average is $17.20 and its 200-day moving average is $17.82.
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 $0.50 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.00 annualized dividend and a yield of 11.89%.
Sotherly Hotels Company Profile
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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