Silvercrest Asset Management Group Inc. (SAMG) to Distribute Quarterly Dividend of $0.21 on December 18th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.21 per share by the asset manager on Friday, December 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, December 11th.

Silvercrest Asset Management Group has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Silvercrest Asset Management Group has a dividend payout ratio of 58.3% meaning 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 Stock Up 8.0%

Shares of NASDAQ SAMG opened at $11.18 on Friday. The firm’s 50-day moving average price is $10.16 and its 200-day moving average price is $12.00. Silvercrest Asset Management Group has a 52-week low of $9.09 and a 52-week high of $16.16. The company has a market cap of $132.48 million, a PE ratio of 18.48 and a beta of 0.64.

Silvercrest Asset Management Group (NASDAQ:SAMG) last released its quarterly earnings data on Thursday, October 29th. The asset manager reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $32.71 million during the quarter, compared to analysts’ expectations of $31.85 million. Silvercrest Asset Management Group had a net margin of 0.74% and a return on equity of 8.43%. As a group, equities research analysts anticipate that Silvercrest Asset Management Group will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

SAMG has been the topic of several research reports. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Silvercrest Asset Management Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen raised Silvercrest Asset Management Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Silvercrest Asset Management Group has a consensus rating of “Reduce”.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group, Inc is an investment advisory and wealth management firm serving high-net-worth individuals, families, family offices, institutions, and charitable organizations. The company provides customized investment management and financial planning services designed to address clients’ long-term wealth objectives.

Its services include portfolio management, asset allocation, manager selection, wealth planning, family office support, and advice related to trusts, estates, and other complex financial matters.