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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.21 per share by the asset manager on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, March 13th.

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

Silvercrest Asset Management Group Stock Up 2.6%

Shares of NASDAQ SAMG opened at $15.17 on Friday. The business has a fifty day simple moving average of $15.14 and a 200-day simple moving average of $15.29. The company has a market cap of $185.68 million, a price-to-earnings ratio of 21.37 and a beta of 0.70. Silvercrest Asset Management Group has a 12 month low of $13.23 and a 12 month high of $19.03.

Silvercrest Asset Management Group Company Profile

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.