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

DigitalBridge Group, Inc. (NYSE:DBRG) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.01 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 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 payout ratio of 12.5% indicating that its dividend is sufficiently covered by earnings.

DigitalBridge Group Stock Up 0.2%

Shares of NYSE:DBRG opened at $15.76 on Friday. DigitalBridge Group has a 52-week low of $8.94 and a 52-week high of $15.80. The stock’s fifty day simple moving average is $15.67 and its 200-day simple moving average is $15.34. The company has a market capitalization of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.48.

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.