Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) shares traded up 1% during trading on Thursday . The stock traded as high as $16.71 and last traded at $16.49. 1,279 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 1,604 shares. The stock had previously closed at $16.33.
Sotherly Hotels Price Performance
The firm has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $17.66.
Sotherly Hotels Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 28th. This represents a $2.00 dividend on an annualized basis and a yield of 12.13%.
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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