Diamond Hill Investment Group, Inc. to Issue Quarterly Dividend of $1.50 (NASDAQ:DHIL)

Key Points

• Diamond Hill Investment Group, Inc. declared a quarterly dividend of $1.50 per share, representing a 3.99% dividend yield, with payment scheduled for September 12th to shareholders of record by August 29th.
• The company reported earnings of $2.86 EPS for the quarter, with revenues of $36.03 million, showcasing a strong return on equity of 21.99% and a net margin of 26.68%.
• Recent insider transactions include purchases by directors Richard Scott Cooley and Jo Ann Quinif, increasing their shareholdings and signaling confidence in the company's future performance.

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, RTT News reports. Shareholders of record on Friday, August 29th will be given a dividend of 1.50 per share by the asset manager on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, August 29th.

Diamond Hill Investment Group Trading Down 1.6%

Diamond Hill Investment Group stock opened at $133.40 on Monday. Diamond Hill Investment Group has a 12 month low of $122.32 and a 12 month high of $173.25. The firm has a market cap of $364.18 million, a price-to-earnings ratio of 7.59 and a beta of 0.81. The stock has a fifty day simple moving average of $145.95 and a two-hundred day simple moving average of $143.27.

Diamond Hill Investment Group (NASDAQ:DHIL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The asset manager reported $2.86 earnings per share (EPS) for the quarter. Diamond Hill Investment Group had a return on equity of 21.38% and a net margin of 31.71%. The company had revenue of $36.03 million for the quarter.

About Diamond Hill Investment Group

Diamond Hill Investment Group, Inc, through its subsidiary, Diamond Hill Capital Management, Inc, provides investment advisory and fund administration services in the United States. It offers investment advisory and related services to clients through pooled vehicles, such as private fund; separately managed accounts; collective investment trusts; and other pooled vehicles, including sub-advised funds and model delivery programs.