Standard Motor Products, Inc. Announces a Quarterly Dividend

Standard Motor Products announces a quarterly common stock dividend of 25 cents per share, payable on March 1, 2021.

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Rhea-AI Summary

Standard Motor Products announces a quarterly common stock dividend of 25 cents per share, payable on March 1, 2021. Shareholders of record will be entitled to this dividend as of February 16, 2021. The Board of Directors' decision reflects the company’s commitment to returning value to its shareholders. However, the company also reminds investors that forward-looking statements are subject to risks and uncertainties that could impact actual performance.

Positive

Approval of a quarterly dividend of 25 cents per share.
Demonstrates commitment to returning value to shareholders.

Negative

Forward-looking statements are subject to risks and uncertainties.

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02/01/2021 - 08:30 AM EST

NEW YORK, Feb. 1, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, announced today that its Board of Directors has approved the payment of a quarterly common stock dividend of twenty-five cents per share, payable on March 1, 2021, to shareholders of record on February 16, 2021.

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

View original content:http://www.prnewswire.com/news-releases/standard-motor-products-inc-announces-a-quarterly-dividend-301217799.html

SOURCE Standard Motor Products, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for SMP?

The dividend amount is 25 cents per share.

When will the dividend be paid?

The dividend will be paid on March 1, 2021.

What is the record date for the dividend?

The record date for the dividend is February 16, 2021.

How often does SMP pay dividends?

SMP pays dividends quarterly.

What risks are associated with SMP's forward-looking statements?

Forward-looking statements may be subject to risks and uncertainties that can cause actual results to differ.

Standard Motor Products, Inc. Announces a Quarterly Dividend