Westwood Holdings Group Inc (WHG) to Issue Quarterly Dividend of $0.68 on January 2nd
Westwood Holdings Group Inc (NYSE:WHG) announced 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 4.00%. The ex-dividend date is Thursday, December 7th. This is a boost from Westwood Holdings Group’s previous quarterly dividend of $0.62.
Westwood Holdings Group has raised its dividend payment by an average of 23.9% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.
Shares of Westwood Holdings Group (NYSE WHG) opened at $68.03 on Friday. The firm has a market cap of $607.25, a PE ratio of 20.84 and a beta of 1.54. Westwood Holdings Group has a 12 month low of $51.41 and a 12 month high of $71.00.
Separately, ValuEngine upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Monday, August 14th.
In other Westwood Holdings Group news, Vice Chairman Susan M. Byrne sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $64.01, for a total transaction of $960,150.00. Following the completion of the sale, the insider now directly owns 265,593 shares in the company, valued at approximately $17,000,607.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Susan M. Byrne sold 6,141 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $62.09, for a total transaction of $381,294.69. Following the sale, the insider now owns 269,552 shares of the company’s stock, valued at $16,736,483.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,807 shares of company stock valued at $2,576,162. 9.60% of the stock is owned by company insiders.
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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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