Simpson Manufacturing Company, Inc. (NYSE:SSD) to Issue Quarterly Dividend of $0.30

Simpson Manufacturing Company, Inc. (NYSE:SSD) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Thursday, January 7th will be given a dividend of $0.30 per share by the construction company on Thursday, January 28th. This represents a $1.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, January 7th.

Simpson Manufacturing has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 11 years. Simpson Manufacturing has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 12.2%.

Simpson Manufacturing Stock Down 1.3%

Simpson Manufacturing stock traded down $2.50 during midday trading on Friday, hitting $184.41. 489,274 shares of the stock were exchanged, compared to its average volume of 291,466. Simpson Manufacturing has a 52-week low of $156.32 and a 52-week high of $213.49. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $178.11 and its 200-day moving average price is $185.47. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 20.15 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.37. The business had revenue of $671.08 million during the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. On average, research analysts expect that Simpson Manufacturing will post 9.30 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Simpson Manufacturing in a research note on Thursday. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Stephens lifted their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus boosted their price objective on Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and an average target price of $216.25.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.