Simpson Manufacturing Co., Inc. (NYSE:SSD) Declares Dividend Increase - $0.29 Per Share

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) declared a quarterly dividend on Wednesday, May 7th, RTT News reports. Stockholders of record on Thursday, July 3rd will be paid a dividend of 0.29 per share by the construction company on Thursday, July 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a 3.6% increase from Simpson Manufacturing's previous quarterly dividend of $0.28.

Simpson Manufacturing has increased its dividend by an average of 4.2% per year over the last three years. Simpson Manufacturing has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Simpson Manufacturing to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 12.4%.

Simpson Manufacturing Stock Up 0.2 %

Shares of SSD traded up $0.36 on Friday, reaching $157.40. The company's stock had a trading volume of 244,484 shares, compared to its average volume of 270,397. The stock has a market capitalization of $6.61 billion, a PE ratio of 20.71 and a beta of 1.34. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing has a twelve month low of $137.35 and a twelve month high of $197.82. The firm has a fifty day moving average of $153.88 and a 200-day moving average of $167.05.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. During the same quarter last year, the company earned $1.77 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts predict that Simpson Manufacturing will post 8.29 EPS for the current year.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

SSD has been the subject of several recent analyst reports. Robert W. Baird reduced their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. DA Davidson reduced their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.