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

Westwood Holdings Group Inc (NYSE:WHG) declared a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share by the asset manager on Monday, January 4th. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

Westwood Holdings Group has raised its dividend by an average of 0.1% per year over the last three years.

Westwood Holdings Group Stock Performance

NYSE WHG opened at $18.62 on Friday. The company’s 50 day moving average price is $18.94 and its 200 day moving average price is $17.91. Westwood Holdings Group has a one year low of $14.70 and a one year high of $20.97. The firm has a market capitalization of $176.71 million, a price-to-earnings ratio of 21.16 and a beta of 0.57.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Thursday, November 5th. The asset manager reported $0.48 earnings per share for the quarter. The business had revenue of $26.57 million for the quarter. Westwood Holdings Group had a net margin of 7.73% and a return on equity of 8.10%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Westwood Holdings Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy”.

About Westwood Holdings Group

Westwood Holdings Group, Inc is an investment management firm headquartered in Dallas, Texas. Through its subsidiaries, the company provides investment advisory and asset management services to institutional investors, private wealth clients, family offices and investment vehicles.

Westwood manages a range of investment strategies, including equity, income, multi-asset and alternative offerings. Its products and services are designed to address the needs of pension plans, endowments, foundations, corporations, high-net-worth individuals and other investors seeking professionally managed portfolios.

Founded in 1983, Westwood serves clients primarily in the United States and has expanded its capabilities through internal investment teams and strategic acquisitions.