Silvercrest Asset Management Group Inc. (SAMG) to Issue Quarterly Dividend of $0.20 on December 20th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders 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 is Friday, December 13th.

Silvercrest Asset Management Group has raised its dividend payment by an average of 5.0% annually 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 Price Performance

Shares of Silvercrest Asset Management Group stock traded down $1.02 during trading on Friday, hitting $16.41. 34,602 shares of the company’s stock traded hands, compared to its average volume of 16,641. The firm’s fifty day moving average price is $16.71 and its 200 day moving average price is $15.90. Silvercrest Asset Management Group has a twelve month low of $13.93 and a twelve month high of $18.13. The company has a market cap of $229.58 million, a PE ratio of 20.51 and a beta of 0.83.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.26 EPS for the quarter. The firm had revenue of $30.42 million for the quarter. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.41%.

About Silvercrest Asset Management Group

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.