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

Rhea-AI Summary

Standard Motor Products (NYSE: SMP), an automotive parts manufacturer and distributor, has announced a dividend increase approved by its Board of Directors. The quarterly common stock dividend will increase from $0.29 per share to $0.31 per share, representing a 6.9% increase. The dividend will be payable on March 3, 2025, to shareholders of record as of February 14, 2025.

Positive

• Dividend increased by 6.9% from $0.29 to $0.31 per share
• Shows company's financial strength and commitment to shareholder returns

Negative

• None.

News Market Reaction – SMP

-1.74%

-1.74% Session move

In the trading session that priced this news, SMP declined 1.74%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 3, 2025 /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 twenty-nine cents per share to thirty-one cents per share, payable on March 3, 2025, to shareholders of record on February 14, 2025. 

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SOURCE Standard Motor Products, Inc.

FAQ

What is Standard Motor Products' (SMP) new quarterly dividend amount for 2025?

Standard Motor Products' new quarterly dividend is $0.31 per share, increased from $0.29 per share.

When will SMP's increased dividend be paid in March 2025?

The increased dividend will be paid on March 3, 2025, to shareholders of record as of February 14, 2025.

What is the percentage increase in SMP's quarterly dividend for 2025?

SMP's quarterly dividend increased by 6.9%, from $0.29 to $0.31 per share.

What is the record date for SMP's increased dividend in February 2025?

The record date for SMP's increased dividend is February 14, 2025.