Standard Motor Products, Inc. (SMP) To Go Ex-Dividend on February 14th

Standard Motor Products, Inc. (NYSE:SMP) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.29 per share by the auto parts company on Monday, March 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, February 14th.

Standard Motor Products has increased its dividend by an average of 5.1% per year over the last three years. Standard Motor Products has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.5 %

NYSE SMP opened at $30.94 on Wednesday. Standard Motor Products has a 12 month low of $26.09 and a 12 month high of $41.41. The company has a market capitalization of $671.91 million, a P/E ratio of 19.10 and a beta of 0.52. The company’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $31.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 0.82.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Standard Motor Products from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 31st.

Insider Buying and Selling

In other news, CFO Nathan R. Iles sold 1,485 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $34.97, for a total value of $51,930.45. Following the completion of the sale, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Ray Nicholas sold 4,730 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the completion of the sale, the vice president now directly owns 46,385 shares of the company’s stock, valued at approximately $1,582,192.35. This trade represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,184 shares of company stock valued at $387,041. 5.00% of the stock is owned by corporate insiders.

About Standard Motor Products

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.