Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report)’s share price traded down 2.7% during trading on Friday . The stock traded as low as $10.83 and last traded at $11.10. 2,344 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 3,100 shares. The stock had previously closed at $11.40.
Sotherly Hotels Price Performance
The company has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $15.09.
Sotherly Hotels Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a $0.4922 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.97 dividend on an annualized basis and a dividend yield of 17.7%.
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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