Westwood Holdings Group, Inc. (WHG) Announces Dividend Increase – $0.72 Per Share

Westwood Holdings Group, Inc. (NYSE:WHG) announced a quarterly dividend on Thursday, October 25th, Wall Street Journal reports. Shareholders of record on Friday, December 7th will be paid a dividend of 0.72 per share by the asset manager on Wednesday, January 2nd. This represents a $2.88 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date is Thursday, December 6th. This is an increase from Westwood Holdings Group’s previous quarterly dividend of $0.68.

Westwood Holdings Group has raised its dividend payment by an average of 12.1% per year over the last three years and has raised its dividend every year for the last 7 years.

Shares of NYSE WHG opened at $43.45 on Friday. The firm has a market capitalization of $391.58 million, a price-to-earnings ratio of 14.65 and a beta of 1.42. Westwood Holdings Group has a 52-week low of $42.44 and a 52-week high of $70.71.

Westwood Holdings Group (NYSE:WHG) last issued its earnings results on Wednesday, July 25th. The asset manager reported $1.00 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 16.00% and a net margin of 17.20%. The firm had revenue of $32.76 million for the quarter.

Several equities research analysts have recently issued reports on the company. TheStreet cut Westwood Holdings Group from a “b-” rating to a “c+” rating in a report on Friday, October 19th. ValuEngine downgraded Westwood Holdings Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.

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Dividend History for Westwood Holdings Group (NYSE:WHG)

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