Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) Announces Quarterly Dividend of $0.20

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.20 per share by the asset manager on Friday, March 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.27%.

Silvercrest Asset Management Group has increased its dividend 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 Up 1.9 %

Shares of NASDAQ SAMG traded up $0.35 during midday trading on Wednesday, hitting $18.72. The stock had a trading volume of 34,180 shares, compared to its average volume of 22,727. The stock has a 50 day simple moving average of $18.15 and a 200-day simple moving average of $17.20. The company has a market capitalization of $259.55 million, a PE ratio of 23.40 and a beta of 0.82. Silvercrest Asset Management Group has a 1 year low of $13.93 and a 1 year high of $19.20.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Silvercrest Asset Management Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 20th.

Silvercrest Asset Management Group Company Profile

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.