Silvercrest Asset Management Group Inc. (SAMG) To Go Ex-Dividend on March 14th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, January 29th, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.20 per share by the asset manager on Friday, March 21st. This represents a $0.80 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Friday, March 14th.

Silvercrest Asset Management Group has increased its dividend by an average of 5.7% per year over the last three years. Silvercrest Asset Management Group has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Up 0.2 %

Shares of Silvercrest Asset Management Group stock opened at $17.63 on Wednesday. The firm has a market capitalization of $244.44 million, a P/E ratio of 22.04 and a beta of 0.84. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $19.20. The firm’s 50 day moving average is $18.16 and its two-hundred day moving average is $17.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last announced its earnings results on Thursday, March 6th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.13). The business had revenue of $31.96 million for the quarter, compared to analysts’ expectations of $31.97 million. Silvercrest Asset Management Group had a return on equity of 11.40% and a net margin of 6.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

Silvercrest Asset Management Group Company Profile

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.