Silvercrest Asset Management Group Inc. (SAMG) To Go Ex-Dividend on June 13th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be paid a dividend of 0.20 per share by the asset manager on Friday, June 20th. This represents a $0.80 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Friday, June 13th.

Silvercrest Asset Management Group has raised its dividend payment by an average of 5.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a dividend payout ratio of 51.6% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Performance

SAMG stock opened at $14.50 on Friday. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $17.34. The firm has a market capitalization of $197.69 million, a price-to-earnings ratio of 18.13 and a beta of 0.84. Silvercrest Asset Management Group has a fifty-two week low of $13.54 and a fifty-two week high of $19.20.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.27 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.09). Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%. The firm had revenue of $31.39 million for the quarter, compared to analyst estimates of $33.21 million.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 13th.

About Silvercrest Asset Management Group

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.