Silvercrest Asset Management Group Inc. (SAMG) to Issue Quarterly Dividend of $0.21 on March 20th

Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.21 per share by the asset manager on Friday, March 20th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, March 13th.

Silvercrest Asset Management Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Silvercrest Asset Management Group has a payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings.

Silvercrest Asset Management Group Stock Performance

Shares of SAMG opened at $14.90 on Friday. The firm has a market cap of $182.38 million, a P/E ratio of 20.99 and a beta of 0.70. Silvercrest Asset Management Group has a twelve month low of $13.23 and a twelve month high of $19.03. The firm’s 50 day moving average price is $15.17 and its two-hundred day moving average price is $15.28.

About Silvercrest Asset Management Group

Silvercrest Asset Management Group Inc, headquartered in New York City, is an independent registered investment adviser that specializes in delivering customized wealth and asset management solutions for high-net-worth individuals, family offices and institutional clients. Founded in 2002 by senior professionals from leading financial institutions, Silvercrest has built its reputation on a disciplined, research-driven investment process and a commitment to personalized client service.

The firm’s core offerings include discretionary and non-discretionary portfolio management across equities, fixed income, hedge funds and alternative investments.