Silvercrest Asset Management Group Inc. to Issue Quarterly Dividend of $0.21 (NASDAQ:SAMG)

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Friday, March 13th will be given a dividend of 0.21 per share by the asset manager on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, March 13th.

Silvercrest Asset Management Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Silvercrest Asset Management Group has a dividend payout ratio of 58.3% meaning its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Trading Up 2.6%

Shares of NASDAQ:SAMG opened at $15.17 on Friday. The firm has a market cap of $185.68 million, a PE ratio of 21.37 and a beta of 0.70. The company has a fifty day simple moving average of $15.14 and a 200 day simple moving average of $15.29. Silvercrest Asset Management Group has a 12-month low of $13.23 and a 12-month high of $19.03.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Silvercrest Asset Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Silvercrest Asset Management Group in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Silvercrest Asset Management Group Company Profile

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.