Standard Motor Products, Inc. (NYSE:SMP) Declares Quarterly Dividend of $0.29

Standard Motor Products, Inc. (NYSE:SMP) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.29 per share by the auto parts company on Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, November 15th.

Standard Motor Products has raised its dividend by an average of 32.4% per year over the last three years. Standard Motor Products has a payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standard Motor Products to earn $3.43 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 33.8%.

Standard Motor Products Price Performance

Shares of NYSE:SMP opened at $34.03 on Thursday. Standard Motor Products has a one year low of $26.09 and a one year high of $41.71. The stock has a fifty day moving average of $31.73 and a 200-day moving average of $30.89. The company has a market capitalization of $738.79 million, a PE ratio of 19.45 and a beta of 0.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 2.46.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a return on equity of 9.90% and a net margin of 2.79%. The company had revenue of $399.27 million during the quarter, compared to the consensus estimate of $396.10 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Standard Motor Products will post 3.01 EPS for the current fiscal year.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.