Sotherly Hotels Plans Quarterly Dividend of $0.05 (SOHO)
Sotherly Hotels (NASDAQ:SOHO) announced a quarterly dividend on Tuesday, January 21st, StockRatingsNetwork reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.045 per share on Friday, April 11th. This represents a $0.18 annualized dividend and a dividend yield of 3.15%.
Sotherly Hotels (NASDAQ:SOHO) traded down 0.53% during mid-day trading on Tuesday, hitting $5.68. The stock had a trading volume of 156 shares. Sotherly Hotels has a 52 week low of $3.20 and a 52 week high of $5.95. The stock’s 50-day moving average is $5.64 and its 200-day moving average is $4.89. The company’s market cap is $58.0 million.
Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.04. The company had revenue of $21.46 million for the quarter, compared to the consensus estimate of $22.00 million. Analysts expect that Sotherly Hotels will post $0.86 EPS for the current fiscal year.
SoTHERLY Hotels Inc, formerly MHI Hospitality Corporation, is a self-managed and self-administered real estate investment trust (NASDAQ:SOHO) that was formed to own, acquire, renovate and reposition primary full-service upper upscale and upscale hotel properties located in primary markets in the Mid-Atlantic and Southern United States.
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