Simpson Manufacturing Co., Inc. (NYSE:SSD) Plans Quarterly Dividend of $0.28

Simpson Manufacturing Co., Inc. (NYSE:SSD) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Shareholders of record on Thursday, April 3rd will be given a dividend of 0.28 per share by the construction company on Thursday, April 24th. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, April 3rd.

Simpson Manufacturing has raised its dividend payment by an average of 4.2% annually over the last three years. Simpson Manufacturing has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Simpson Manufacturing to earn $8.39 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 13.3%.

Simpson Manufacturing Stock Down 0.4 %

NYSE SSD opened at $165.16 on Wednesday. Simpson Manufacturing has a twelve month low of $155.73 and a twelve month high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market cap of $6.96 billion, a PE ratio of 21.82 and a beta of 1.35. The firm has a 50-day simple moving average of $171.85 and a 200 day simple moving average of $179.28.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.