Westwood Holdings Group, Inc. (WHG) To Go Ex-Dividend on August 30th

Westwood Holdings Group, Inc. (NYSE:WHG) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Stockholders of record on Monday, September 2nd will be given a dividend of 0.15 per share by the asset manager on Tuesday, October 1st. This represents a $0.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, August 30th.

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 Up 0.7 %

Shares of NYSE:WHG opened at $12.54 on Wednesday. The stock has a market cap of $116.79 million, a price-to-earnings ratio of 9.22 and a beta of 1.17. Westwood Holdings Group has a 12-month low of $8.91 and a 12-month high of $13.63. The business’s 50 day moving average is $12.53 and its 200 day moving average is $12.46.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%. The business had revenue of $22.69 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Westwood Holdings Group in a research report on Monday. They issued a “buy” rating on the stock.

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.