Standard Motor Products, Inc. (NYSE:SMP – Get Free Report) announced a quarterly dividend on Monday, February 2nd. Shareholders of record on Monday, February 16th will be given a dividend of 0.33 per share by the auto parts company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, February 13th. This is a 6.5% increase from Standard Motor Products’s previous quarterly dividend of $0.31.
Standard Motor Products has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Standard Motor Products has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Standard Motor Products to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 38.5%.
Standard Motor Products Stock Performance
Shares of SMP opened at $44.01 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.96 and a debt-to-equity ratio of 0.78. Standard Motor Products has a 12 month low of $21.38 and a 12 month high of $44.49. The company’s fifty day moving average is $39.03 and its 200-day moving average is $38.63. The firm has a market cap of $968.07 million, a price-to-earnings ratio of 31.43 and a beta of 0.76.
About Standard Motor Products
Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.
The company operates through two primary segments: Engine Management and Temperature Control.
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