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Non-Tech : Income Investing

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To: Jerrymac who wrote (46802)11/12/2021 8:16:10 AM
From: E_K_S3 Recommendations

Recommended By
Jerrymac
KEN2CWL
MRothaus1

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Re: Broken preferred - Q3 earnings out

Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2021

Earnings better but not back to 2019 levels
Common Dividends. As approved by its Board of Directors, the Company has suspended its regular quarterly cash dividend in order to preserve liquidity. Accordingly, the Company did not pay a dividend on its common stock and common units for the quarter ended September 30, 2021. The Board of Directors will continue to monitor the situation and assess future quarterly common dividend declarations. Per the terms of the Company’s preferred stock, the Company cannot make any common dividend payments unless full cumulative distributions have been declared and paid for past distribution periods for each series of preferred stock.
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