Simpson Manufacturing Company, Inc. (NYSE:SSD) Shares Will Pay Quarterly Dividend of $0.30

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, January 7th will be paid a dividend of $0.30 per share by the construction company on Thursday, January 28th. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, January 7th.

Simpson Manufacturing has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 11 years. Simpson Manufacturing has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 12.2%.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded down $2.50 on Friday, reaching $184.41. The company’s stock had a trading volume of 489,274 shares, compared to its average volume of 291,466. Simpson Manufacturing has a twelve month low of $156.32 and a twelve month high of $213.49. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 20.15 and a beta of 1.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. The business’s fifty day moving average price is $178.11 and its 200 day moving average price is $185.47.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.37. The business had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Equities analysts expect that Simpson Manufacturing will post 9.30 earnings per share for the current fiscal year.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.