Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) shares fell 2.5% on Thursday . The company traded as low as $16.00 and last traded at $16.01. 151 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,859 shares. The stock had previously closed at $16.41.
Sotherly Hotels Price Performance
The business’s 50 day moving average is $16.48 and its two-hundred day moving average is $17.04.
Sotherly Hotels Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.5156 per share. This represents a $2.06 annualized dividend and a dividend yield of 12.89%. The ex-dividend date of this dividend is Friday, May 30th.
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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