Standard Motor Products, Inc. to Issue Quarterly Dividend of $0.23 (SMP)

Standard Motor Products, Inc. (NYSE:SMP) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.23 per share by the auto parts company on Monday, June 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, May 14th.

Standard Motor Products stock traded down $0.06 during trading hours on Wednesday, hitting $46.33. The company had a trading volume of 53,000 shares, compared to its average volume of 79,308. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.68 and a quick ratio of 0.62. Standard Motor Products has a 1 year low of $43.08 and a 1 year high of $56.54.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Tuesday, April 30th. The auto parts company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). Standard Motor Products had a net margin of 4.24% and a return on equity of 13.02%. The business had revenue of $283.80 million during the quarter, compared to the consensus estimate of $278.13 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts expect that Standard Motor Products will post 2.94 earnings per share for the current year.

In other Standard Motor Products news, VP Thomas Tesoro sold 1,851 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $48.00, for a total transaction of $88,848.00. Following the transaction, the vice president now owns 31,121 shares in the company, valued at approximately $1,493,808. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela Forbes Lieberman sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.23, for a total transaction of $196,920.00. Following the transaction, the director now owns 64,874 shares in the company, valued at approximately $3,193,747.02. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Several equities research analysts have recently commented on SMP shares. ValuEngine lowered shares of Standard Motor Products from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research lowered shares of Standard Motor Products from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th.

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About Standard Motor Products

Standard Motor Products, Inc manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers electronic ignition control modules, new and remanufactured fuel injectors, ignition wires, coils, switches, relays, EGR valves, distributor caps and rotors, sensors, electronic throttle bodies, keyless entry transmitters, safety-related components, and other engine management components.

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Dividend History for Standard Motor Products (NYSE:SMP)

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