Standard Motor Products, Inc. (NYSE:SMP) Announces $0.29 Quarterly Dividend

Standard Motor Products, Inc. (NYSE:SMP - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be given a dividend of 0.29 per share by the auto parts company on Monday, December 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, November 15th.

Standard Motor Products has raised its dividend payment by an average of 32.4% annually over the last three years. Standard Motor Products has a payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Standard Motor Products to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.8%.

Standard Motor Products Stock Performance

Shares of NYSE:SMP traded down $1.91 during mid-day trading on Thursday, reaching $32.19. The company had a trading volume of 238,231 shares, compared to its average volume of 155,998. The company has a current ratio of 2.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The firm has a market cap of $698.94 million, a price-to-earnings ratio of 19.87 and a beta of 0.51. The company's 50-day moving average price is $31.78 and its 200-day moving average price is $30.92. Standard Motor Products has a one year low of $26.09 and a one year high of $41.71.

Standard Motor Products (NYSE:SMP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million for the quarter, compared to analysts' expectations of $396.10 million. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. Standard Motor Products's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 EPS. As a group, equities research analysts anticipate that Standard Motor Products will post 3.01 EPS for the current fiscal year.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.