Silvercrest Asset Management Group Inc. (SAMG) To Go Ex-Dividend on September 11th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, September 11th will be given a dividend of 0.21 per share by the asset manager on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, September 11th.

Silvercrest Asset Management Group 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 1 years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of SAMG stock traded up $0.18 during trading hours on Friday, reaching $10.08. The stock had a trading volume of 43,273 shares, compared to its average volume of 41,568. The firm has a market capitalization of $119.45 million, a PE ratio of 33.59 and a beta of 0.66. The firm has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $12.91. Silvercrest Asset Management Group has a twelve month low of $9.57 and a twelve month high of $16.99.

Silvercrest Asset Management Group (NASDAQ:SAMG) last issued its quarterly earnings results on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $30.78 million during the quarter, compared to analyst estimates of $30.90 million. Silvercrest Asset Management Group had a net margin of 2.12% and a return on equity of 10.51%. On average, equities analysts anticipate that Silvercrest Asset Management Group will post 0.53 earnings per share for the current year.

About Silvercrest Asset Management Group

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.