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WILLIAMSBURG, Va. - Sotherly Hotels Inc. (NASDAQ:SOHO), currently trading at $0.88 with a market capitalization of $18.2 million, announced Thursday that its Board of Directors has authorized quarterly cash dividends for its Series B, Series C, and Series D Preferred Stock.
The company declared a quarterly cash dividend of $0.50 per share for its 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock, payable on November 20, 2025, to shareholders of record as of October 31, 2025.
For its 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, Sotherly declared a quarterly cash dividend of $0.4921875 per share, also payable on November 20, 2025, to shareholders of record as of October 31, 2025.
Additionally, the company declared a quarterly cash dividend of $0.515625 per share for its 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, with the same payment and record dates as the other series.
Sotherly Hotels operates as a self-managed and self-administered lodging real estate investment trust (REIT). The company’s portfolio currently includes investments in ten hotel properties with 2,786 rooms, along with interests in two condominium hotels and their associated rental programs.
The company’s properties operate under Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels, primarily in the Southern United States.
According to the press release statement, Sotherly Hotels was organized in 2004 and is headquartered in Williamsburg, Virginia.
In other recent news, Sotherly Hotels Inc. reported its Q1 2025 earnings, surpassing revenue forecasts with $48.3 million against the anticipated $47.7 million. The company also posted an earnings per share of $0.22, highlighting strong financial performance. Despite these positive results, market sentiment appeared cautious. In another development, Sotherly Hotels received a Notice of Default concerning its mortgage loan for the Georgian Terrace hotel in Atlanta. The notice was issued by the special servicer, citing that SOHO Atlanta LLC, a subsidiary of Sotherly Hotels, failed to pay all amounts due under the loan documents. Wilmington Trust, National Association, as Trustee, indicated it might take actions to protect its interest, including potential foreclosure. These developments reflect recent activities surrounding Sotherly Hotels.
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