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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Monday, March 10th will be paid a dividend of 1.50 per share by the asset manager on Friday, March 21st. This represents a $6.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Monday, March 10th.

Diamond Hill Investment Group has increased its dividend by an average of 14.5% per year over the last three years.

Diamond Hill Investment Group Stock Down 0.5 %

Diamond Hill Investment Group stock opened at $145.21 on Friday. The stock has a market cap of $395.41 million, a PE ratio of 8.22 and a beta of 1.02. Diamond Hill Investment Group has a 12-month low of $135.44 and a 12-month high of $173.25. The business’s 50-day moving average price is $149.69 and its two-hundred day moving average price is $155.99.

Diamond Hill Investment Group (NASDAQ:DHIL) last announced its quarterly earnings results on Wednesday, February 26th. The asset manager reported $3.66 EPS for the quarter. Diamond Hill Investment Group had a return on equity of 20.00% and a net margin of 33.88%. The company had revenue of $39.12 million during the quarter.

Insider Activity

In related news, Director Richard Scott Cooley purchased 1,000 shares of Diamond Hill Investment Group stock in a transaction on Friday, December 20th. The shares were purchased at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the transaction, the director now owns 9,387 shares of the company’s stock, valued at approximately $1,429,170.75. This represents a 11.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 6th.

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.