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

Simpson Manufacturing Co., Inc. (NYSE:SSD) declared a quarterly dividend on Friday, July 26th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 3rd.

Simpson Manufacturing has increased its dividend payment by an average of 15.4% annually over the last three years. Simpson Manufacturing has a payout ratio of 12.3% meaning 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 stock opened at $191.17 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. The company’s 50-day simple moving average is $181.29 and its 200 day simple moving average is $179.07. Simpson Manufacturing has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a market capitalization of $8.06 billion, a PE ratio of 23.96 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The firm had revenue of $596.98 million for the quarter, compared to the consensus estimate of $604.67 million. During the same period in the prior year, the company earned $2.50 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Simpson Manufacturing will post 8.1 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $187.41, for a total value of $1,287,694.11. Following the completion of the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James S. Andrasick sold 500 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares of the company’s stock, valued at approximately $154,797.50. The disclosure for this sale can be found here. Insiders sold 12,571 shares of company stock valued at $2,348,027 over the last quarter. 0.42% of the stock is owned by company insiders.

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.