Silvercrest Asset Management Group Inc Announces Quarterly Dividend of $0.16 (NASDAQ:SAMG)

Silvercrest Asset Management Group Inc (NASDAQ:SAMG) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Friday, September 11th will be given a dividend of 0.16 per share by the asset manager on Friday, September 18th. This represents a $0.64 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Thursday, September 10th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 25.0% annually over the last three years and has increased its dividend every year for the last 2 years. Silvercrest Asset Management Group has a dividend payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Silvercrest Asset Management Group to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 40.3%.

Shares of Silvercrest Asset Management Group stock traded down $0.30 during mid-day trading on Thursday, reaching $10.76. 653 shares of the stock traded hands, compared to its average volume of 13,267. The stock has a market capitalization of $154.51 million, a PE ratio of 8.15 and a beta of 0.76. The business has a 50-day moving average of $12.01 and a 200 day moving average of $11.08. Silvercrest Asset Management Group has a fifty-two week low of $6.21 and a fifty-two week high of $14.50.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings data on Thursday, April 30th. The asset manager reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $28.37 million during the quarter, compared to analyst estimates of $29.21 million. Silvercrest Asset Management Group had a net margin of 11.55% and a return on equity of 15.87%. As a group, analysts forecast that Silvercrest Asset Management Group will post 1.25 earnings per share for the current fiscal year.

SAMG has been the topic of a number of recent research reports. Piper Sandler cut their price target on shares of Silvercrest Asset Management Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. TheStreet raised Silvercrest Asset Management Group from a “c” rating to a “b-” rating in a research note on Tuesday, June 16th. ValuEngine cut Silvercrest Asset Management Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research raised shares of Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a research report on Friday, July 3rd.

Silvercrest Asset Management Group Company Profile

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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Dividend History for Silvercrest Asset Management Group (NASDAQ:SAMG)

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