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

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders 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 4.07%. 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 Performance

Shares of DHIL traded up $1.45 during midday trading on Monday, hitting $147.59. The company had a trading volume of 26,097 shares, compared to its average volume of 15,937. The company's 50-day simple moving average is $149.54 and its 200-day simple moving average is $155.98. The firm has a market capitalization of $401.89 million, a P/E ratio of 8.36 and a beta of 1.02. Diamond Hill Investment Group has a 1 year low of $135.44 and a 1 year high of $173.25.

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

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Analyst Upgrades and Downgrades

Separately, StockNews.com cut Diamond Hill Investment Group from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Insider Buying and Selling

In other Diamond Hill Investment Group news, Director Richard Scott Cooley bought 272 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $144.00 per share, for a total transaction of $39,168.00. Following the completion of the purchase, the director now directly owns 9,659 shares in the company, valued at $1,390,896. This trade represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

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.