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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, June 12th will be given a dividend of 0.21 per share by the asset manager on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, June 12th.

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

Shares of SAMG opened at $10.90 on Wednesday. Silvercrest Asset Management Group has a 52-week low of $10.68 and a 52-week high of $16.99. The stock’s 50-day simple moving average is $12.64 and its 200 day simple moving average is $14.05. The stock has a market capitalization of $129.17 million, a price-to-earnings ratio of 36.33 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its earnings results on Monday, May 11th. The asset manager reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. The company had revenue of $31.41 million for the quarter, compared to analysts’ expectations of $31.85 million. On average, research analysts forecast that Silvercrest Asset Management Group will post 0.53 earnings per share for the current fiscal year.

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.