GCM Grosvenor (GCMG) Raises Quarterly Dividend 11.1% to $0.10; 3.4% Yield

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Go back to GCM Grosvenor (GCMG) Raises Quarterly Dividend 11.1% to $0.10; 3.4% Yield

GCM Grosvenor Reports Strong Third Quarter 2021, With $3 Billion of Fundraising and 20% Year-Over-Year Growth in Assets Under Management, and Increases Dividend

November 10, 2021 8:00 AM EST

CHICAGO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the third fiscal quarter ended September 30, 2021 and announced that the Board of Directors approved an 11% increase in the firm's quarterly dividend.

The third quarter was a strong one with good investment results, fundraising and business performance, said Michael Sacks, Chairman and Chief Executive Officer of GCM Grosvenor. Our outlook with regard to the remainder of 2021 and 2022 is positive and as a result our Board of Directors has increased our... More