Standard Motor Products Hikes Dividend By 8%

by Shivani Kumaresan, Benzinga Staff Writer

February 1, 2022 12:29 PM | 1 min read | Make a Comment

Standard Motor Products Inc 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.