Standard Motor Products, Inc. (NYSE:SMP) has announced a quarterly dividend of $0.33 per share, marking a notable increase over its previous dividend. This decision was made public on February 2, 2025. Shareholders on record as of February 16, 2025 will receive this payment on March 2, 2025. The upcoming dividend reflects an annualized yield of 3.1%.
The latest dividend represents a 6.5% increase from the company’s prior quarterly dividend of $0.31. Over the past three years, Standard Motor Products has maintained an average dividend growth rate of 0.0% per year, although it has consistently raised its dividend annually for the last year. The company currently holds a dividend payout ratio of 29.5%, indicating that its dividend payments are well-supported by earnings.
Analysts are projecting that Standard Motor Products will earn $3.43 per share in the upcoming year, suggesting that the firm will continue to comfortably cover its annual dividend of $1.24. This is anticipated to result in a future payout ratio of 36.2%.
Stock Performance and Market Metrics
On the same day the dividend was announced, shares of Standard Motor Products rose by $2.36 to reach $42.29 per share. The trading volume was recorded at 131,551 shares, surpassing the average volume of 125,483. The company’s fifty-day moving average stands at $38.22, while the two-hundred day moving average is $38.09.
Additionally, Standard Motor Products has a 52-week range that fluctuates between a low of $21.38 and a high of $42.69. The company is valued at a market capitalization of $930.31 million, with a price-to-earnings (P/E) ratio of 30.21 and a beta of 0.76. Financially, the company maintains a debt-to-equity ratio of 0.78, a current ratio of 1.96, and a quick ratio of 0.77.
About Standard Motor Products
Founded in 1919 and headquartered in Long Island City, New York, Standard Motor Products, Inc. is a prominent manufacturer and distributor of both aftermarket and original equipment automotive parts. The company specializes in engineering, testing, and supplying ignition and temperature management products for passenger vehicles and light trucks.
Its extensive product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and various electronic components. Standard Motor Products operates through two primary segments: Engine Management and Temperature Control, reinforcing its position in the automotive parts industry.
