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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) declared a quarterly dividend on Wednesday, February 26th, 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 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Monday, March 10th.

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

Diamond Hill Investment Group Stock Up 0.6 %

Shares of NASDAQ:DHIL traded up $0.93 during trading on Friday, hitting $146.14. 76,468 shares of the company were exchanged, compared to its average volume of 15,679. Diamond Hill Investment Group has a 1-year low of $135.44 and a 1-year high of $173.25. The company has a market capitalization of $397.94 million, a P/E ratio of 8.28 and a beta of 1.02. The business’s 50 day moving average is $149.69 and its 200-day moving average is $155.99.

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

Analyst Ratings Changes

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

Insider Activity

In other Diamond Hill Investment Group news, Director Richard Scott Cooley acquired 1,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $152.25 per share, with a total value of $152,250.00. Following the purchase, the director now directly owns 9,387 shares of the company’s stock, valued at $1,429,170.75. This trade represents a 11.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Diamond Hill Investment Group Company Profile

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.