Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.20 per share by the asset manager on Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, December 13th.
Silvercrest Asset Management Group has increased its dividend 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 Performance
Shares of SAMG traded down $1.02 during trading hours on Friday, hitting $16.41. 34,602 shares of the company were exchanged, compared to its average volume of 16,641. The company has a market cap of $229.58 million, a PE ratio of 20.51 and a beta of 0.83. The firm's 50 day moving average is $16.71 and its 200-day moving average is $15.90. Silvercrest Asset Management Group has a 52 week low of $13.93 and a 52 week high of $18.13.
Silvercrest Asset Management Group (NASDAQ:SAMG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The asset manager reported $0.26 EPS for the quarter. The company had revenue of $30.42 million for the quarter. Silvercrest Asset Management Group had a return on equity of 11.41% and a net margin of 6.24%.
About Silvercrest Asset Management Group
(
Get Free Report)
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.
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