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

DigitalBridge Group, Inc. (NYSE:DBRG) declared a quarterly dividend on Friday, April 24th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.01 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

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

DigitalBridge Group Price Performance

NYSE:DBRG opened at $15.76 on Friday. The stock has a market cap of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.48. DigitalBridge Group has a one year low of $8.94 and a one year high of $15.80. The company has a fifty day moving average price of $15.67 and a 200 day moving average price of $15.34.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial began coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Company Profile

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.