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

Westwood Holdings Group, Inc. (NYSE:WHG) declared a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.15 per share by the asset manager on Tuesday, April 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, March 3rd.

Westwood Holdings Group has increased its dividend by an average of 10.1% annually over the last three years.

Westwood Holdings Group Price Performance

Shares of WHG stock traded up $0.18 during trading hours on Thursday, reaching $16.57. 12,583 shares of the company were exchanged, compared to its average volume of 13,075. The company has a market cap of $153.56 million, a price-to-earnings ratio of 50.20 and a beta of 1.13. The stock’s fifty day moving average is $15.13 and its two-hundred day moving average is $14.52. Westwood Holdings Group has a fifty-two week low of $11.01 and a fifty-two week high of $18.03.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share for the quarter. Westwood Holdings Group had a net margin of 2.92% and a return on equity of 3.27%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

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.