Guild Holdings (NYSE:GHLD) Declares Quarterly Dividend of $0.50

Guild Holdings (NYSE:GHLD - Get Free Report) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.50 per share on Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.46%. The ex-dividend date is Monday, March 17th.

Guild Trading Up 5.6 %

Shares of Guild stock traded up $0.73 on Friday, reaching $13.83. 7,000 shares of the company's stock were exchanged, compared to its average volume of 11,655. The company has a market capitalization of $855.88 million, a P/E ratio of -8.92, a price-to-earnings-growth ratio of 0.27 and a beta of 0.98. Guild has a 52 week low of $11.21 and a 52 week high of $18.26. The firm's 50-day moving average is $12.84 and its two-hundred day moving average is $14.27. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Analysts Set New Price Targets

GHLD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Guild from $11.50 to $12.50 and gave the stock an "underweight" rating in a report on Friday. Compass Point increased their target price on Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Guild currently has an average rating of "Hold" and an average price target of $16.60.

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About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.