Westwood Holdings Group Inc Announces Quarterly Dividend of $0.62 (WHG)
Westwood Holdings Group Inc (NYSE:WHG) announced a quarterly dividend on Friday, July 28th, Zacks reports. Shareholders of record on Friday, September 8th will be paid a dividend of 0.62 per share by the asset manager on Monday, October 2nd. This represents a $2.48 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, September 7th.
Westwood Holdings Group has increased its dividend payment by an average of 23.9% per year over the last three years and has raised its dividend every year for the last 6 years.
Shares of Westwood Holdings Group (NYSE WHG) opened at 60.26 on Friday. The firm has a 50-day moving average of $59.21 and a 200 day moving average of $56.64. The stock has a market cap of $493.41 million, a PE ratio of 18.85 and a beta of 1.52. Westwood Holdings Group has a 52 week low of $49.01 and a 52 week high of $63.99.
In other news, Vice Chairman Susan M. Byrne sold 2,613 shares of Westwood Holdings Group stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $60.01, for a total value of $156,806.13. Following the sale, the insider now owns 283,080 shares in the company, valued at $16,987,630.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Susan M. Byrne sold 14,333 shares of Westwood Holdings Group stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $57.19, for a total transaction of $819,704.27. Following the completion of the sale, the insider now owns 300,693 shares in the company, valued at approximately $17,196,632.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,008 shares of company stock worth $2,690,090. Company insiders own 9.60% of the company’s stock.
Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Monday, August 14th.
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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