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

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) declared a quarterly dividend on Monday, February 3rd,RTT News reports. Investors of record on Thursday, April 3rd will be given a dividend of 0.28 per share by the construction company on Thursday, April 24th. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, April 3rd.

Simpson Manufacturing has increased its dividend payment by an average of 4.2% per year over the last three years. Simpson Manufacturing has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Simpson Manufacturing to earn $8.39 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 13.3%.

Simpson Manufacturing Price Performance

Shares of SSD traded down $0.17 during midday trading on Thursday, hitting $167.42. 356,685 shares of the company traded hands, compared to its average volume of 244,991. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 22.12 and a beta of 1.35. The firm has a 50 day moving average of $171.08 and a 200-day moving average of $179.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing has a 52 week low of $155.73 and a 52 week high of $218.38.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company's stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a report on Monday, October 21st.

About Simpson Manufacturing

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.