Simpson Manufacturing Company, Inc. Announces Quarterly Dividend of $0.29 (NYSE:SSD)

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Thursday, April 2nd will be paid a dividend of 0.29 per share by the construction company on Thursday, April 23rd. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Simpson Manufacturing has decreased its dividend by an average of 0.0%per year 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. Equities 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 Trading Up 0.3%

Shares of SSD traded up $0.46 during trading hours on Thursday, hitting $177.92. 228,389 shares of the stock traded hands, compared to its average volume of 250,947. The firm has a market capitalization of $7.38 billion, a PE ratio of 21.67 and a beta of 1.37. The company has a current ratio of 3.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17. Simpson Manufacturing has a 1-year low of $137.35 and a 1-year high of $197.82. The business has a fifty day moving average of $171.56 and a 200-day moving average of $175.22.

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

Simpson Manufacturing Company Profile

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.