Hamilton Lane hikes dividend by 29.4%
Hamilton Lane Inc. (HLNE) will raise its quarterly dividend by 29.4 percent to $0.275 per share in 2019. The investment solutions provider initiated a dividend in 2017 and this marks the second consecutive year of increases. The next dividend will be paid on July 5, 2019 to shareholders of record on June 14, 2019. A new annualized dividend rate of $1.10 per share yields 2.2% at a stock price of $49.87. Hamilton Lane is an alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. Dedicated to private markets investing for 27 years, the firm currently employs approximately 370 professionals operating in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East.