DigitalBridge Group, Inc. (DBRG) to Distribute Quarterly Dividend of $0.01 on October 15th

DigitalBridge Group, Inc. (NYSE:DBRG) declared a quarterly dividend on Monday, August 3rd. Investors of record on Wednesday, September 30th will be paid a dividend of $0.01 per share on Thursday, October 15th. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, September 30th.

DigitalBridge Group has decreased its dividend payment by an average of 0.4%per year over the last three years. DigitalBridge Group has a dividend payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.98 on Monday. The company has a fifty day moving average price of $15.91 and a 200-day moving average price of $15.72. DigitalBridge Group has a 1 year low of $8.94 and a 1 year high of $16.00. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 10.38 and a beta of 1.47.

Hedge Funds Weigh In On DigitalBridge Group

Large investors have recently modified their holdings of the business. Kryger Capital LLC purchased a new stake in shares of DigitalBridge Group during the 1st quarter valued at approximately $102,736,000. Hsbc Holdings PLC grew its stake in DigitalBridge Group by 159.3% in the 1st quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company’s stock valued at $47,919,000 after buying an additional 1,910,984 shares in the last quarter. Bank of America Corp DE raised its holdings in DigitalBridge Group by 29.4% during the 1st quarter. Bank of America Corp DE now owns 2,574,508 shares of the company’s stock valued at $39,699,000 after acquiring an additional 584,205 shares during the period. Magnetar Financial LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at $33,808,000. Finally, Blue Grotto Capital LLC bought a new position in shares of DigitalBridge Group in the fourth quarter worth $30,680,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is an investment management firm focused on digital infrastructure. Through its investment management platform, the company invests in and manages assets that support the digital economy, including data centers, wireless infrastructure, fiber networks, small-cell systems and edge infrastructure.

DigitalBridge serves infrastructure owners, technology companies, communications providers and other institutional investors by providing investment management and asset management services.