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

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, June 3rd.

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

Westwood Holdings Group Stock Performance

Shares of NYSE WHG traded down $0.05 during midday trading on Thursday, reaching $12.54. 33,185 shares of the company's stock were exchanged, compared to its average volume of 11,549. The stock has a market capitalization of $117.00 million, a PE ratio of 10.63 and a beta of 1.23. Westwood Holdings Group has a 52-week low of $8.91 and a 52-week high of $14.20. The business's fifty day moving average price is $12.56 and its two-hundred day moving average price is $11.72.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The asset manager reported $0.21 earnings per share for the quarter. The firm had revenue of $22.73 million during the quarter. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%.

About Westwood Holdings Group

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.