SoTHERLY Hotels (SOHO) Raises Quarterly Dividend 30% to $0.065; 3.4% Yield

SoTHERLY Hotels (Nasdaq: SOHO) declared a quarterly dividend of $0.065 per share, or $0.26 annualized. This is a 30% increase from the prior dividend of $0.05.

The dividend will be payable on October 15, 2014, to stockholders of record on October 2, 2014, with an ex-dividend date of September 30, 2014.

The annual yield on the dividend is 3.4 percent.

Drew Sims, Chief Executive Officer of the Company, commented, "We are pleased to be able to reward our shareholders with another significant increase in our quarterly dividend, which reflects the strong performance our portfolio has delivered and our expectations for continued growth moving forward. The 30% increase of our quarterly dividend represents the fifth increase in the past seven quarters, during which time we have increased our dividend nearly 117%."

For a dividend history and other dividend-related data on SoTHERLY Hotels (SOHO) click here.

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