Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) to Issue $0.20 Quarterly Dividend

Posted by Renee Jackson on Nov 2nd, 2024

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG – Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.20 per share by the asset manager on Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, December 13th.

Silvercrest Asset Management Group has raised its dividend by an average of 5.0% per year over the last three years. Silvercrest Asset Management Group has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Down 5.9 %

Shares of NASDAQ:SAMG opened at $16.41 on Friday. The company’s fifty day simple moving average is $16.71 and its 200 day simple moving average is $15.90. Silvercrest Asset Management Group has a 12 month low of $13.93 and a 12 month high of $18.13. The firm has a market cap of $229.58 million, a price-to-earnings ratio of 20.51 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The asset manager reported $0.26 earnings per share (EPS) for the quarter. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.41%. The company had revenue of $30.42 million for the quarter.

Silvercrest Asset Management Group Company Profile

(Get Free Report)

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.