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

Simpson Manufacturing Co., Inc. (NYSE:SSD) declared a quarterly dividend on Friday, July 26th, Zacks reports. Shareholders of record on Thursday, October 3rd will be given a dividend of 0.28 per share by the construction company on Thursday, October 24th. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Thursday, October 3rd.

Simpson Manufacturing has raised its dividend by an average of 15.4% annually over the last three years. Simpson Manufacturing has a payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Simpson Manufacturing to earn $9.14 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 12.3%.

Simpson Manufacturing Trading Down 0.0 %

SSD opened at $191.17 on Tuesday. The company has a market cap of $8.06 billion, a P/E ratio of 23.96 and a beta of 1.32. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $181.29 and its 200-day moving average is $179.07. Simpson Manufacturing has a 1-year low of $123.93 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.13). The company had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 EPS. Equities research analysts predict that Simpson Manufacturing will post 8.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company’s stock, valued at $154,797.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock valued at $2,348,027 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

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.