Diamond Hill Investment Group, Inc. (DHIL) to Issue Quarterly Dividend of $1.50 on March 21st

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 1.50 per share by the asset manager on Friday, March 21st. This represents a $6.00 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, March 10th.

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

Diamond Hill Investment Group Trading 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 fifty-two week low of $135.44 and a fifty-two week high of $173.25. The stock has a market cap of $397.94 million, a price-to-earnings ratio of 8.28 and a beta of 1.02. The firm has a fifty day moving average price of $149.69 and a two-hundred day moving average price of $155.99.

Diamond Hill Investment Group (NASDAQ:DHIL) last issued its earnings results 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 net margin of 33.88% and a return on equity of 20.00%.

Insider Transactions at Diamond Hill Investment Group

In other news, Director Richard Scott Cooley bought 1,000 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $152.25 per share, for a total transaction of $152,250.00. Following the completion of the purchase, the director now owns 9,387 shares in the company, valued at approximately $1,429,170.75. This trade represents a 11.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Diamond Hill Investment Group from a “buy” rating to a “strong-buy” rating in a research note 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.