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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Friday, September 11th will be paid a dividend of 0.21 per share by the asset manager on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, September 11th.

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 annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 1.4%

Shares of SAMG stock opened at $10.03 on Wednesday. The firm has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $11.91. Silvercrest Asset Management Group has a 12 month low of $9.57 and a 12 month high of $16.56. The firm has a market capitalization of $118.86 million, a PE ratio of 91.19 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Friday, July 31st. The asset manager reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $30.78 million for the quarter, compared to analyst estimates of $30.90 million. Silvercrest Asset Management Group had a net margin of 0.72% and a return on equity of 8.71%. On average, equities analysts predict that Silvercrest Asset Management Group will post 0.47 earnings per share for the current fiscal 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.