Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) dropped 6.9% during trading on Friday . The stock traded as low as $16.80 and last traded at $17.14. Approximately 1,901 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 2,381 shares. The stock had previously closed at $18.42.
Sotherly Hotels Price Performance
The stock has a 50-day simple moving average of $17.14 and a two-hundred day simple moving average of $17.70.
Sotherly Hotels Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5156 per share. The ex-dividend date was Friday, February 28th. This represents a $2.06 annualized dividend and a dividend yield of 12.03%.
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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