Silvercrest Asset Management Group Inc. (NASDAQ:SAMG - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Friday, March 14th will be given 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 4.27%.
Silvercrest Asset Management Group has increased its dividend payment by an average of 5.7% annually over the last three years. Silvercrest Asset Management Group has a payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings.
Silvercrest Asset Management Group Stock Performance
NASDAQ SAMG traded up $0.35 on Wednesday, reaching $18.72. 34,180 shares of the stock traded hands, compared to its average volume of 22,727. Silvercrest Asset Management Group has a 12 month low of $13.93 and a 12 month high of $19.20. The company has a market cap of $259.55 million, a price-to-earnings ratio of 23.40 and a beta of 0.82. The company has a fifty day moving average price of $18.15 and a 200-day moving average price of $17.20.
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 report on Wednesday, November 20th.
Check Out Our Latest Stock Report on Silvercrest Asset Management Group
Silvercrest Asset Management Group Company Profile
(
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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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