Westwood Holdings Group, Inc. (NYSE:WHG) Plans Quarterly Dividend of $0.15

Westwood Holdings Group, Inc. (NYSE:WHG) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.15 per share by the asset manager on Monday, July 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Monday, June 3rd.

Westwood Holdings Group has raised its dividend by an average of 11.7% per year over the last three years.

Westwood Holdings Group Price Performance

Shares of WHG traded down $0.05 during mid-day trading on Thursday, hitting $12.54. The company’s stock had a trading volume of 33,185 shares, compared to its average volume of 11,488. The firm has a 50-day moving average price of $12.56 and a 200 day moving average price of $11.72. The stock has a market capitalization of $117.00 million, a price-to-earnings ratio of 10.59 and a beta of 1.23. Westwood Holdings Group has a fifty-two week low of $8.91 and a fifty-two week high of $14.20.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.21 EPS for the quarter. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%. The company had revenue of $22.73 million for the quarter.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.