Simpson Manufacturing Company, Inc. (SSD) To Go Ex-Dividend on January 2nd

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, January 2nd will be given a dividend of 0.29 per share by the construction company on Thursday, January 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 2nd.

Simpson Manufacturing has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Simpson Manufacturing has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Simpson Manufacturing to earn $9.05 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 12.8%.

Simpson Manufacturing Stock Up 0.1%

Simpson Manufacturing stock traded up $0.11 during midday trading on Wednesday, hitting $165.00. 23,739 shares of the company’s stock were exchanged, compared to its average volume of 276,591. The company has a market cap of $6.84 billion, a PE ratio of 20.08 and a beta of 1.36. Simpson Manufacturing has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.88 and a current ratio of 3.35. The firm has a 50-day moving average of $168.65 and a two-hundred day moving average of $172.61.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The business had revenue of $623.51 million for the quarter, compared to analysts’ expectations of $607.79 million. During the same quarter last year, the firm earned $2.21 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts expect that Simpson Manufacturing will post 8.29 earnings per share for the current fiscal year.

About Simpson Manufacturing

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.