Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Rating) shares dropped 0.3% on Wednesday . The company traded as low as $23.38 and last traded at $23.68. Approximately 256 shares were traded during trading, a decline of 94% from the average daily volume of 4,270 shares. The stock had previously closed at $23.75.
Sotherly Hotels Stock Performance
The business’s 50-day moving average is $24.21 and its two-hundred day moving average is $23.25.
Sotherly Hotels Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 8.45%.
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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.
Further Reading
- Get a free copy of the StockNews.com research report on Sotherly Hotels (SOHOB)
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