Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) dropped 0.8% during mid-day trading on Wednesday . The company traded as low as $17.85 and last traded at $17.85. Approximately 156 shares changed hands during trading, a decline of 93% from the average daily volume of 2,358 shares. The stock had previously closed at $18.00.
Sotherly Hotels Price Performance
The business’s fifty day simple moving average is $18.26 and its two-hundred day simple moving average is $18.57.
Sotherly Hotels Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.00 dividend on an annualized basis and a yield of 11.20%.
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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