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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 11th will be given a dividend of 0.21 per share by the asset manager on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Friday, September 11th.

Silvercrest Asset Management Group has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Silvercrest Asset Management Group has a dividend payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.8%

Silvercrest Asset Management Group stock opened at $9.90 on Friday. Silvercrest Asset Management Group has a twelve month low of $9.57 and a twelve month high of $16.99. The company has a market capitalization of $117.31 million, a P/E ratio of 33.00 and a beta of 0.66. The stock’s 50 day moving average is $10.65 and its 200 day moving average is $12.91.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its quarterly earnings data on Friday, July 31st. The asset manager reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Silvercrest Asset Management Group had a return on equity of 10.51% and a net margin of 2.12%.The business had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $30.90 million. As a group, equities analysts expect that Silvercrest Asset Management Group will post 0.53 EPS for the current year.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.