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

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Friday, March 14th will be given 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 4.32%. The ex-dividend date of this dividend is Friday, March 14th.

Silvercrest Asset Management Group has increased its dividend by an average of 5.7% per year over the last three years. Silvercrest Asset Management Group has a dividend payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Trading Down 1.1 %

Silvercrest Asset Management Group stock opened at $18.52 on Friday. The firm has a market cap of $256.69 million, a P/E ratio of 23.15 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. The firm has a 50-day moving average of $18.17 and a 200-day moving average of $17.21.

Analyst Upgrades and Downgrades

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

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.