DigitalBridge Group, Inc. (NYSE:DBRG) Plans $0.01 Quarterly Dividend

DigitalBridge Group, Inc. (NYSE:DBRG) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.01 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

DigitalBridge Group has decreased its dividend payment by an average of 0.4%per year over the last three years. DigitalBridge Group has a payout ratio of 12.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect DigitalBridge Group to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 12.5%.

DigitalBridge Group Price Performance

Shares of NYSE DBRG opened at $15.38 on Friday. The firm has a 50-day moving average of $15.40 and a 200 day moving average of $13.47. The stock has a market cap of $2.81 billion, a P/E ratio of 34.17 and a beta of 1.67. DigitalBridge Group has a 1 year low of $6.41 and a 1 year high of $15.55.

Institutional Trading of DigitalBridge Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DBRG. Steward Partners Investment Advisory LLC lifted its position in shares of DigitalBridge Group by 305.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after buying an additional 1,326 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in DigitalBridge Group during the 4th quarter worth approximately $31,000. Beaird Harris Wealth Management LLC bought a new stake in DigitalBridge Group during the 4th quarter worth approximately $31,000. Quarry LP lifted its holdings in DigitalBridge Group by 1,467.2% during the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in DigitalBridge Group during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.