Simpson Manufacturing Company, Inc. (NYSE:SSD) Announces Quarterly Dividend of $0.30

Simpson Manufacturing Company, Inc. (NYSE:SSD) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, July 2nd will be given a dividend of 0.30 per share by the construction company on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a 3.4% increase from Simpson Manufacturing’s previous quarterly dividend of $0.29.

Simpson Manufacturing has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Simpson Manufacturing has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Simpson Manufacturing to earn $9.98 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 11.6%.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $1.47 during trading on Thursday, reaching $192.81. The company had a trading volume of 290,360 shares, compared to its average volume of 275,602. The company has a fifty day moving average of $179.94 and a two-hundred day moving average of $177.65. The stock has a market capitalization of $7.94 billion, a P/E ratio of 22.60 and a beta of 1.34. Simpson Manufacturing has a 12 month low of $151.38 and a 12 month high of $211.98. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The firm had revenue of $587.96 million for the quarter, compared to analyst estimates of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. Equities research analysts forecast that Simpson Manufacturing will post 9.18 earnings per share for the current year.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.