Westwood Holdings Group, Inc. (NYSE:WHG) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.68 per share by the asset manager on Monday, April 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, March 8th.
Westwood Holdings Group has increased its dividend payment by an average of 12.1% per year over the last three years and has increased its dividend annually for the last 7 consecutive years.
Westwood Holdings Group stock opened at $56.51 on Thursday. The firm has a market capitalization of $497.58, a P/E ratio of 23.36 and a beta of 1.60. Westwood Holdings Group has a 52 week low of $51.41 and a 52 week high of $71.00.
Separately, TheStreet lowered Westwood Holdings Group from a “b” rating to a “c+” rating in a research note on Friday, February 9th.
In other Westwood Holdings Group news, General Counsel Julie Kramer Gerron sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $66.32, for a total transaction of $66,320.00. Following the transaction, the general counsel now owns 31,631 shares in the company, valued at approximately $2,097,767.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 7,513 shares of company stock worth $507,527. Corporate insiders own 9.00% of the company’s stock.
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Westwood Holdings Group Company Profile
Westwood Holdings Group, Inc (Westwood) is a holding company. The Company operates through two segments: Advisory and Trust. The Company, through its subsidiaries, manages investment assets and provides services for its clients. Its subsidiaries include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc (Westwood International) and Westwood Trust.
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