Sotherly Hotels Inc. ( NASDAQ:SOHOB – Get Rating ) declared a quarterly dividend on Wednesday, April 26th, Wall Street Journal reports. Stockholders of record on Wednesday, May 31st will be paid a dividend of 0.50 per share on Thursday, June 15th. This represents a $2.00 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Tuesday, May 30th. Sotherly Hotels Stock Up 0.5 % Shares of SOHOB traded up $0.11 during mid-day trading on Wednesday, hitting $24.09. 1,258 shares of the company's stock were exchanged, compared to its average volume of 4,665.

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