Westwood Holdings Group, Inc. (NYSE:WHG) declared a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.68 per share by the asset manager on Tuesday, January 2nd. This represents a $2.72 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Westwood Holdings Group’s previous quarterly dividend of $0.62.
Westwood Holdings Group has increased its dividend payment by an average of 23.9% annually over the last three years and has increased its dividend every year for the last 6 years.
Westwood Holdings Group (WHG) traded down 3.24% on Thursday, hitting $66.65. The company’s stock had a trading volume of 31,375 shares. Westwood Holdings Group has a 12 month low of $50.16 and a 12 month high of $71.00. The firm has a 50 day moving average of $65.00 and a 200 day moving average of $59.03. The firm has a market cap of $545.73 million, a price-to-earnings ratio of 20.85 and a beta of 1.53.
In other news, Vice Chairman Susan M. Byrne sold 6,500 shares of Westwood Holdings Group stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $60.00, for a total transaction of $390,000.00. Following the completion of the sale, the insider now owns 275,693 shares of the company’s stock, valued at $16,541,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Susan M. Byrne sold 2,301 shares of Westwood Holdings Group stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $62.01, for a total transaction of $142,685.01. Following the sale, the insider now directly owns 269,552 shares of the company’s stock, valued at approximately $16,714,919.52. The disclosure for this sale can be found here. Insiders have sold 54,714 shares of company stock valued at $3,410,996 in the last ninety days. Insiders own 9.60% of the company’s stock.
Separately, ValuEngine raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Monday, August 14th.
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About Westwood Holdings Group
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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