Westwood Holdings Group Inc (NYSE:WHG) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Investors of record on Friday, December 8th will be paid 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 4.09%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Westwood Holdings Group’s previous quarterly dividend of $0.62.
Westwood Holdings Group has raised its dividend by an average of 23.9% per year over the last three years and has increased its dividend every year for the last 6 years.
Shares of Westwood Holdings Group (WHG) opened at $66.44 on Wednesday. The company has a market capitalization of $599.43, a P/E ratio of 20.57 and a beta of 1.54. Westwood Holdings Group has a twelve month low of $51.41 and a twelve month high of $71.00.
In other news, Vice Chairman Susan M. Byrne sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $64.01, for a total value of $960,150.00. Following the transaction, the insider now owns 265,593 shares in the company, valued at approximately $17,000,607.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Susan M. Byrne sold 2,301 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $62.01, for a total value of $142,685.01. Following the completion of the transaction, the insider now owns 269,552 shares in the company, valued at approximately $16,714,919.52. The disclosure for this sale can be found here. Insiders have sold a total of 40,807 shares of company stock valued at $2,576,162 over the last three months. Corporate insiders own 9.60% of the company’s stock.
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Westwood Holdings Group Company Profile
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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