Standard Motor Products, Inc. Declares Quarterly Dividend of $0.33 (NYSE:SMP)

Standard Motor Products, Inc. (NYSE:SMP) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, May 15th will be given a dividend of 0.33 per share by the auto parts company on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, May 15th.

Standard Motor Products has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Standard Motor Products has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Standard Motor Products to earn $4.94 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 26.7%.

Standard Motor Products Price Performance

SMP stock opened at $37.54 on Friday. Standard Motor Products has a 1 year low of $26.61 and a 1 year high of $46.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.69 and a current ratio of 2.13. The stock’s 50 day moving average price is $37.46 and its 200 day moving average price is $38.60. The firm has a market cap of $835.64 million, a P/E ratio of 20.29 and a beta of 0.80.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Thursday, April 30th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.09. Standard Motor Products had a return on equity of 13.15% and a net margin of 2.31%.The firm had revenue of $451.17 million for the quarter, compared to analyst estimates of $429.07 million. On average, sell-side analysts expect that Standard Motor Products will post 4.4 earnings per share for the current fiscal year.

About Standard Motor Products

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.