Sotherly Hotels Inc (SOHO)

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WILLIAMSBURG, Va., Jan. 31, 2017 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.10 per common share of beneficial interest. The quarterly dividend will be paid on April 11, 2017 to shareholders of record as of March 15, 2017. The common dividend represents an increase of 5.3 percent over the prior period and an annualized yield of approximately 5.8 percent based on the closing price of the Company’s common shares on January 30, 2017.