Shares of Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) rose 3.4% during mid-day trading on Thursday . The company traded as high as $16.58 and last traded at $16.45. Approximately 3,350 shares traded hands during mid-day trading, an increase of 191% from the average daily volume of 1,153 shares. The stock had previously closed at $15.91.
Sotherly Hotels Stock Up 3.4 %
The company’s fifty day simple moving average is $17.01 and its 200 day simple moving average is $17.51.
Sotherly Hotels Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.4922 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.97 annualized dividend and a dividend yield of 11.97%.
Sotherly Hotels Company Profile
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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