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Benzinga
Benzinga
Business
Shivani Kumaresan

Standard Motor Products Hikes Dividend By 8%

SMP Board of Directors NYSE Standard Motor Products Inc
  • Standard Motor Products Inc (NYSE:SMP) said its Board of Directors had approved an increase in its quarterly stock dividend to $0.27 from $0.25. The move represents an 8% hike in the dividend rate.
  • The revised dividend is payable on March 1, 2022, to shareholders of record on February 15, 2022.
  • Standard Motors held $33.1 million in cash and equivalents as of September 30, 2021.
  • Price Action: SMP shares are trading higher by 0.08% at $47.91 on the last check Tuesday.
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