Diamond Hill Investment Group (DHIL) Approves Special $13 Per Share Cash Dividend

Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) has approved a $13.00 per share cash dividend to shareholders of record on December 1, 2010 payable December 15, 2010. Ric Dillon, president and co-chief investment officer, stated, "We are very pleased to be paying a special dividend of $13 per share in December, following $10 per share dividends paid in 2008 and 2009. With the combined payments, the company will have returned to shareholders over $85 million in total, tangible evidence of the success of this venture that began just over 10 years ago. These shareholder-friendly actions demonstrate most clearly that the board of directors and management of the company see our duty to shareholders as second only to our fiduciary duty to our clients."... Read more

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