Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Plans $0.20 Quarterly Dividend

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.20 per share by the asset manager on Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, December 13th.

Silvercrest Asset Management Group has increased its dividend payment by an average of 5.0% per year over the last three years. Silvercrest Asset Management Group has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Down 5.9 %

Shares of NASDAQ SAMG traded down $1.02 during midday trading on Friday, reaching $16.41. The company had a trading volume of 34,602 shares, compared to its average volume of 16,641. The stock has a market cap of $229.58 million, a PE ratio of 20.51 and a beta of 0.83. Silvercrest Asset Management Group has a one year low of $13.93 and a one year high of $18.13. The firm’s fifty day moving average price is $16.71 and its 200-day moving average price is $15.90.

Silvercrest Asset Management Group (NASDAQ:SAMG) last posted its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.26 EPS for the quarter. Silvercrest Asset Management Group had a net margin of 6.24% and a return on equity of 11.41%. The company had revenue of $30.42 million during the quarter.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors.