Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Announces $0.21 Quarterly Dividend

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, March 13th will be given a dividend of 0.21 per share by the asset manager on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, March 13th.

Silvercrest Asset Management Group has raised its dividend by an average of 0.1%annually 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.

Silvercrest Asset Management Group Stock Performance

NASDAQ SAMG traded up $0.16 during trading hours on Friday, reaching $15.02. The stock had a trading volume of 2,404 shares, compared to its average volume of 35,542. Silvercrest Asset Management Group has a 52-week low of $13.23 and a 52-week high of $19.03. The stock has a fifty day moving average of $15.14 and a 200 day moving average of $15.29. The stock has a market cap of $183.78 million, a P/E ratio of 21.15 and a beta of 0.70.

Analyst Upgrades and Downgrades

Several brokerages have commented on SAMG. Weiss Ratings reissued a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a report on Thursday, January 22nd. Zacks Research upgraded Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Silvercrest Asset Management Group Company Profile

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.