Standard Motor Products, Inc. Announces Quarterly Dividend of $0.29 (NYSE:SMP)

Standard Motor Products, Inc. (NYSE:SMPGet Free Report) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.29 per share by the auto parts company on Tuesday, September 3rd. This represents a $1.16 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, August 15th.

Standard Motor Products has raised its dividend by an average of 32.4% annually over the last three years. Standard Motor Products has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Standard Motor Products to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.6%.

Standard Motor Products Price Performance

Standard Motor Products stock opened at $30.30 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.46 and a quick ratio of 0.93. The business has a 50 day simple moving average of $29.49 and a 200-day simple moving average of $32.23. Standard Motor Products has a 12 month low of $26.09 and a 12 month high of $41.71. The stock has a market capitalization of $657.81 million, a PE ratio of 21.39 and a beta of 0.52.

Standard Motor Products (NYSE:SMPGet Free Report) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. The company had revenue of $389.80 million for the quarter, compared to analysts’ expectations of $365.60 million. During the same period in the previous year, the company posted $0.84 EPS. Standard Motor Products’s revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Standard Motor Products will post 3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reissued a “buy” rating and set a $42.00 price target on shares of Standard Motor Products in a report on Thursday, May 23rd.

Read Our Latest Stock Analysis on SMP

Standard Motor Products Company Profile

(Get Free Report)

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.

See Also

Dividend History for Standard Motor Products (NYSE:SMP)

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