Standard Motor Products, Inc. (NYSE:SMP – Get 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.
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
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.
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