Standard Motor Products, Inc. Announces Increase in its Quarterly Dividend
1. SMP increased its quarterly dividend from $0.29 to $0.31 per share. 2. The new dividend is payable on March 3, 2025. 3. Record date for shareholders is February 14, 2025.
FAQ
Why Bullish?
Dividend increases typically enhance investor confidence and attract income-focused investors, similar to past SMP dividend hikes that preceded price rises.
How important is it?
Dividend increases significantly influence investor perception and stock attractiveness, particularly in mature, stable companies like SMP.
Why Short Term?
The impact will likely be felt until the dividend payout date, as investors may react positively now.