Simpson Manufacturing Co., Inc. Announces Quarterly Dividend of $0.28 (NYSE:SSD)

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) announced a quarterly dividend on Friday, July 26th, Zacks reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.28 per share by the construction company on Thursday, October 24th. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 3rd.

Simpson Manufacturing has increased its dividend by an average of 15.4% per year over the last three years. Simpson Manufacturing has a payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 12.3%.

Simpson Manufacturing Trading Down 0.2 %

Shares of SSD stock traded down $0.32 during trading hours on Tuesday, hitting $190.95. 184,232 shares of the company were exchanged, compared to its average volume of 287,116. The firm has a market cap of $8.05 billion, a P/E ratio of 23.93 and a beta of 1.32. Simpson Manufacturing has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The company has a 50 day simple moving average of $181.53 and a two-hundred day simple moving average of $179.02.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. During the same period in the previous year, the business posted $2.50 EPS. The business's revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing will post 8.1 EPS for the current year.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at approximately $3,660,866.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the sale, the director now directly owns 866 shares in the company, valued at approximately $154,797.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,571 shares of company stock worth $2,348,027. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.