Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Shares to Pay Quarterly Dividend of $0.21

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, December 11th will be given a dividend of $0.21 per share by the asset manager on Friday, December 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, December 11th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Silvercrest Asset Management Group to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 84.8%.

Silvercrest Asset Management Group Trading Down 0.9%

Silvercrest Asset Management Group stock opened at $10.35 on Friday. The stock’s 50 day moving average is $10.14 and its 200-day moving average is $12.03. Silvercrest Asset Management Group has a 12 month low of $9.09 and a 12 month high of $16.16. The company has a market capitalization of $122.63 million, a price-to-earnings ratio of 94.10 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, October 29th. The asset manager reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. The business had revenue of $32.71 million for the quarter, compared to analyst estimates of $31.85 million. As a group, equities research analysts predict that Silvercrest Asset Management Group will post 0.47 earnings per share for the current fiscal year.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.