Silvercrest Asset Management Group Inc. (SAMG) to Issue Quarterly Dividend of $0.21 on March 20th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, March 13th will be given a dividend of 0.21 per share by the asset manager on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, March 13th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Trading Down 1.0%

Shares of SAMG stock opened at $14.71 on Wednesday. The stock has a market cap of $180.05 million, a P/E ratio of 20.72 and a beta of 0.71. Silvercrest Asset Management Group has a 1 year low of $13.23 and a 1 year high of $17.88. The stock has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $15.07.

Analyst Ratings Changes

A number of research analysts recently commented on SAMG shares. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.