Westwood Q2 rev $17.5M, net income $1.0M, best sales quarter since 2016, declares $2.50 special dividend

WESTWOOD HOLDINGS GROUP INC

2021-Q2 EPS reported $0.64 revenue$35,803,000

Revenue $17.5M vs $18.3M Q1 and $15.9M YoY; net income $1.0M vs $4.1M Q1 (incl $6M gains) and vs $2.6M net loss YoY.
Non-GAAP economic earnings $2.8M ($0.35/share) vs $6.3M ($0.79) Q1 and $0.2M ($0.03) YoY.
Record net inflows of $1B (excl $1.6B Aviva transition); AUM $14.4B at June 30.
Regular dividend $0.10/share payable Oct 1; special dividend $2.50/share payable Aug 20; $0.3M in share repurchases.
Cash and short-term investments $92.3M, no debt; stockholder equity $134.7M.

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