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

Simpson Manufacturing Company, Inc. (NYSE:SSD - Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Thursday, July 2nd will be paid a dividend of 0.30 per share by the construction company on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a 3.4% increase from Simpson Manufacturing's previous quarterly dividend of $0.29.

Simpson Manufacturing has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Simpson Manufacturing has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.98 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 11.6%.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded down $1.47 during trading on Thursday, hitting $192.81. 290,360 shares of the company traded hands, compared to its average volume of 275,602. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17. The business's fifty day moving average is $179.94 and its 200-day moving average is $177.65. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 22.60 and a beta of 1.34. Simpson Manufacturing has a one year low of $151.38 and a one year high of $211.98.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to analyst estimates of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, equities analysts predict that Simpson Manufacturing will post 9.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of recent research reports. Wall Street Zen cut Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. DA Davidson increased their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a "neutral" rating in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of Simpson Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 2nd. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, April 28th. Finally, Stephens upped their target price on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $214.75.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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