PLEASANTON - Simpson Manufacturing Co (NYSE:SSD)., Inc., a prominent player in engineered structural connectors and building solutions, has announced the details of its upcoming quarterly dividend. Shareholders on record as of Thursday, April 4, 2024, will be eligible for a dividend payment of $0.27 per share, scheduled for payment on Wednesday, April 25, 2024.
InvestingPro Insights
Simpson Manufacturing Co., Inc. continues to demonstrate its commitment to shareholders with its upcoming dividend payment. For those invested in the company or considering it, current metrics from InvestingPro show a robust financial picture. The company boasts a market capitalization of $7.94 billion and a healthy P/E ratio of 22.17, indicating that investors are willing to pay a premium for its earnings. The dividend yield stands at 0.59%, which, while modest, is supported by a 3.85% dividend growth over the last twelve months.
InvestingPro Tips highlight that Simpson Manufacturing has raised its dividend for three consecutive years and has maintained dividend payments for an impressive 21 consecutive years. Additionally, analysts have revised their earnings upwards for the upcoming period, suggesting confidence in the company's financial trajectory. These factors, combined with a strong return of 84.81% over the last year, make Simpson Manufacturing an attractive prospect for income-focused investors and those looking for steady growth.
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