Silvercrest Asset Management Group Inc (NASDAQ:SAMG) declared a quarterly dividend on Monday, July 29th, NASDAQ reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.15 per share by the asset manager on Friday, September 20th. This represents a $0.60 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Thursday, September 12th.
Silvercrest Asset Management Group has raised its dividend payment by an average of 5.3% annually over the last three years.
Shares of SAMG traded up $0.17 during mid-day trading on Tuesday, hitting $13.06. 3,164 shares of the company were exchanged, compared to its average volume of 17,260. The stock has a market cap of $182.69 million, a price-to-earnings ratio of 10.69 and a beta of 0.62. Silvercrest Asset Management Group has a 1-year low of $12.00 and a 1-year high of $16.05. The company has a 50 day moving average of $13.46 and a 200-day moving average of $14.01.
In related news, Director Al Messina sold 5,400 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $12.76, for a total transaction of $68,904.00. Following the transaction, the director now directly owns 196,918 shares in the company, valued at $2,512,673.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 28,859 shares of company stock worth $373,313. 10.19% of the stock is currently owned by corporate insiders.
About Silvercrest Asset Management Group
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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