Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, September 12th will be paid a dividend of 0.21 per share by the asset manager on Friday, September 19th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, September 12th. This is a 5.0% increase from Silvercrest Asset Management Group's previous quarterly dividend of $0.20.
Silvercrest Asset Management Group has a payout ratio of 55.6% indicating that its dividend is sufficiently covered by earnings.
Silvercrest Asset Management Group Price Performance
Shares of NASDAQ SAMG traded up $0.05 during mid-day trading on Tuesday, reaching $16.35. 20,814 shares of the company traded hands, compared to its average volume of 47,053. Silvercrest Asset Management Group has a fifty-two week low of $13.54 and a fifty-two week high of $19.20. The firm has a market cap of $219.25 million, a PE ratio of 18.58 and a beta of 0.85. The stock has a fifty day simple moving average of $15.67 and a 200-day simple moving average of $16.28.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last issued its earnings results on Thursday, May 8th. The asset manager reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.09). Silvercrest Asset Management Group had a return on equity of 12.03% and a net margin of 6.63%. The business had revenue of $31.39 million for the quarter, compared to the consensus estimate of $33.21 million.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Silvercrest Asset Management Group from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th.
View Our Latest Report on SAMG
Silvercrest Asset Management Group Company Profile
(
Get Free Report)
Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.
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