Published on 26 Nov 2022 on Simply Wall St. via Yahoo Finance

Here's Why We're Wary Of Buying Westwood Holdings Group's (NYSE:WHG) For Its Upcoming Dividend

It looks like Westwood Holdings Group, Inc. (NYSE:WHG) is about to go ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, Westwood Holdings Group investors that purchase the stock on or after the 1st of December will not receive the dividend, which will be paid on the 3rd of January.

The company's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Looking at the last 12 months of distributions, Westwood Holdings Group has a trailing yield of approximately 5.6% on its current stock price of $10.71. If you buy this business for its dividend, you should have an idea of whether Westwood Holdings Group's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Westwood Holdings Group