Westwood Holdings Group, Inc. (NYSE:WHG) Announces $0.15 Quarterly Dividend

Westwood Holdings Group, Inc. (NYSE:WHG) declared a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Monday, September 2nd will be paid a dividend of 0.15 per share by the asset manager on Tuesday, October 1st. This represents a $0.60 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Friday, August 30th.

Westwood Holdings Group has raised its dividend by an average of 11.7% per year over the last three years.

Westwood Holdings Group Stock Down 2.0 %

Shares of WHG traded down $0.26 during midday trading on Friday, reaching $12.74. 2,590 shares of the stock were exchanged, compared to its average volume of 11,065. The company has a market cap of $118.61 million, a price-to-earnings ratio of 9.56 and a beta of 1.17. Westwood Holdings Group has a 12-month low of $8.91 and a 12-month high of $13.63. The firm has a 50 day simple moving average of $12.47 and a 200-day simple moving average of $12.37.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 7.63% and a return on equity of 7.83%. The firm had revenue of $22.73 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Westwood Holdings Group in a research note on Friday. They issued a “strong-buy” rating for the company.

About Westwood Holdings Group

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.