Standard Motor Products, Inc. Plans Quarterly Dividend of $0.29 (NYSE:SMP)

Standard Motor Products, Inc. (NYSE:SMP) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.29 per share by the auto parts company on Monday, December 2nd. This represents a $1.16 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, November 15th.

Standard Motor Products has increased its dividend payment by an average of 32.4% per year over the last three years. Standard Motor Products has a payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Standard Motor Products to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 33.8%.

Standard Motor Products Trading Down 5.6 %

Shares of NYSE SMP opened at $32.19 on Friday. Standard Motor Products has a twelve month low of $26.09 and a twelve month high of $41.71. The firm has a market cap of $698.84 million, a PE ratio of 19.87 and a beta of 0.51. The business has a fifty day simple moving average of $31.78 and a two-hundred day simple moving average of $30.92. The company has a quick ratio of 0.93, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The company had revenue of $399.27 million for the quarter, compared to analysts’ expectations of $396.10 million. During the same period in the prior year, the business earned $1.11 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Standard Motor Products will post 3.01 earnings per share for the current fiscal year.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.