Silvercrest Asset Management Group Inc. (SAMG) to Issue Quarterly Dividend of $0.20 on March 21st

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.20 per share by the asset manager on Friday, March 21st. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, March 14th.

Silvercrest Asset Management Group has raised its dividend payment by an average of 5.7% annually over the last three years. Silvercrest Asset Management Group has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Price Performance

Shares of Silvercrest Asset Management Group stock opened at $18.52 on Friday. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $19.20. The firm has a market cap of $256.69 million, a PE ratio of 23.15 and a beta of 0.82. The company has a 50 day simple moving average of $18.17 and a two-hundred day simple moving average of $17.21.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Silvercrest Asset Management Group Company Profile

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.