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Sotherly Hotels Inc.authorizes payment of quarterly cash dividends for preferred stock
WILLIAMSBURG, Va. April 30, 2024 - Sotherly Hotels Inc.(NASDAQ: SOHO) announced today that its Board of Directors has approved the payment of quarterly cash dividends for the Company’s Series B, Series C, and Series D Preferred Stock.This decision reflects the company’s commitment to providing value to its shareholders and maintaining a strong financial position.
The dividends for the Series B, Series C, and Series D Preferred Stock will be payable on date, to shareholders of record date.The exact dividend amounts will be determined based on the terms of each series of preferred stock.
Sotherly Hotels Inc.is a publicly traded real estate investment trust that owns and operates upscale hotels in key markets across the United States.The company prides itself on providing exceptional service and amenities to guests, while also generating strong returns for investors.
We are pleased to announce the authorization of quarterly cash dividends for our preferred stock shareholders, said Company Executive.This decision reflects our confidence in the strength of our business and our commitment to creating value for our investors.
Investors in Sotherly Hotels Inc.can look forward to receiving regular dividend payments, which can provide a steady source of income and potentially enhance the total return on their investment.Dividends are an important component of overall investment returns, providing shareholders with a tangible benefit from owning stock in the company.
For more information on Sotherly Hotels Inc.and its dividend payments, investors are encouraged to visit the company’s website or contact their financial advisor.The company remains focused on delivering value to its shareholders and creating long-term sustainable growth in the hospitality industry.
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