Standard Motor Products, Inc. (NYSE:SMP) will begin trading ex-dividend on November 13, 2020. The quarterly dividend payment of $ 0.25 per share is scheduled to be paid on December 1, 2020. The dividend yield based on the latest trading day closing price was 2.06 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 13, 2020.
Dividends History
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Standard Motor Products, Inc. recently reported third quarter financial results on October 28, 2020, before market open, the Long Island City based company reported income for the third quarter of $ 1.59 per share, from the revenue of $ 343.61 million. The quarterly earnings raised 55.88 percent while revenues developed 11.66 percent compared with the same quarter last year.
According to street consensus, SMP was expected to report 3Q20 income of $ 1.00 per share from revenue of $ 323.50 million. The bottom line results beat street analysts by $ 0.59 or 59.00 percent, at the same time, top line results outshined analysts by $ 20.11 million or 6.22 percent.
Stock Performance
Shares of Standard Motor Products, Inc. traded low $ -1.39 or -2.78 percent on Wednesday, reaching $ 48.53 with volume of 115.50 thousand shares. Standard Motor Products, Inc. has traded high as $ 49.94 and has cracked $ 48.11 on the downward trend
The closing price of $ 48.53, representing a 47.08 % increase from the 52 week low of $ 33.94 and a 8.45 % decrease over the 52 week high of $ 54.53.
The company has a market capital of $ 1.09 billion and is part of the Consumer Cyclical sector and Auto Parts industry.
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.
