Standard Motor Products, Inc. Announces Increase in its Quarterly Dividend

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) announced a quarterly dividend increase from $0.31 to $0.33 per share. The dividend is payable on March 2, 2026 to shareholders of record on February 16, 2026. The raise represents a $0.02 per share increase effective this payout.

Positive

• Quarterly dividend raised from $0.31 to $0.33 per share
• Dividend payable on March 2, 2026 with record date February 16, 2026
• Increase equals a ~6.5% raise in quarterly payout

Negative

• Increase is only $0.02 per share, a modest absolute boost for income investors
• No additional financial metrics or guidance provided to quantify broader cash impact

NEW YORK, Feb. 2, 2026 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from thirty-one cents per share to thirty-three cents per share, payable on March 2, 2026, to shareholders of record on February 16, 2026.

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SOURCE Standard Motor Products, Inc.

FAQ

What dividend did Standard Motor Products (SMP) announce for March 2, 2026?

Standard Motor Products announced a quarterly dividend of $0.33 per share. According to the company, the dividend is payable on March 2, 2026 to shareholders of record on February 16, 2026.

How much did SMP increase its quarterly dividend on February 2, 2026?

SMP increased its quarterly dividend by $0.02 per share, from $0.31 to $0.33. According to the company, the raise represents approximately a 6.5% increase versus the prior quarterly rate.

Who is eligible for the Standard Motor Products (SMP) March 2026 dividend?

Shareholders of record on February 16, 2026 are eligible for the dividend payable March 2, 2026. According to the company, those on the record date will receive the announced $0.33 per share payment.

Does the SMP dividend announcement change the dividend frequency or policy?

The announcement increases the quarterly rate to $0.33 but does not change frequency; dividends remain quarterly. According to the company, the payment follows the usual quarterly schedule with the specified record and payable dates.

How material is the SMP dividend increase for shareholders?

The increase is a modest absolute rise of $0.02 per share, approximately 6.5% higher than prior payout. According to the company, this is the declared quarterly dividend for the March 2, 2026 payment cycle.