Sotherly Hotels Inc. announced that its Board of Directors has authorized, and the company has declared, a quarterly cash dividend of $0.1 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% over the prior period and an annualized yield of approximately 5.8% based on the closing price of the company's common shares on January 30, 2017.

The Board of Directors also authorized, and the company has declared, a regular quarterly cash dividend of $0.50 per share of beneficial interest of the company's 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The quarterly preferred dividend will be paid on April 17, 2017 to shareholders of record as of March 31, 2017.