Hamilton Lane Inc. (HLNE) will raise its quarterly dividend by 12 percent to 35 cents per share in 2021. This follows a double digit dividend hike announced by the investment solutions provider in each of the last three years. The company initiated a dividend in 2017 and this marks the 4th consecutive year of increases.
The next dividend will be paid on July 7, 2021 to shareholders of record on June 15, 2021. A new annualized dividend rate of $1.40 per share yields 1.5% at a stock price of $93.
Hamilton Lane is an alternative investment management firm providing innovative private markets solutions to sophisticated investors around the world. The company's professionals operate in offices throughout North America, Europe, Asia-Pacific, Latin America and the Middle East. Hamilton Lane works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world. It offers a range of investment solutions across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity and venture capital.