DigitalBridge Group, Inc. (NYSE:DBRG) Announces Quarterly Dividend of $0.01

DigitalBridge Group, Inc. (NYSE:DBRG) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.01 per share on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

DigitalBridge Group has decreased its dividend by an average of 0.4%annually over the last three years. DigitalBridge Group has a dividend payout ratio of 12.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DigitalBridge Group to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 12.5%.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $15.38 on Friday. The stock has a 50 day moving average price of $15.40 and a 200 day moving average price of $13.47. The stock has a market capitalization of $2.81 billion, a PE ratio of 34.17 and a beta of 1.67. DigitalBridge Group has a 52 week low of $6.41 and a 52 week high of $15.55.

Hedge Funds Weigh In On DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. bought a new position in shares of DigitalBridge Group in the fourth quarter worth $3,220,000. Hsbc Holdings PLC bought a new stake in DigitalBridge Group during the 4th quarter worth approximately $18,366,000. Rockefeller Capital Management L.P. increased its stake in shares of DigitalBridge Group by 23.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 438,598 shares of the company’s stock valued at $6,728,000 after buying an additional 83,786 shares during the period. Corient Private Wealth LLC increased its position in DigitalBridge Group by 52.1% during the 4th quarter. Corient Private Wealth LLC now owns 20,527 shares of the company’s stock valued at $314,000 after purchasing an additional 7,028 shares during the period. Finally, Sentinel Dome Partners LLC acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth $2,372,000. Institutional investors own 92.69% of the company’s stock.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.