Standard Motor Products, Inc. Announces Third Quarter 2015 Results, a Quarterly Dividend and a New Revolving Credit Facility
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Standard Motor Products (SMP) Declares $0.15 Quarterly Dividend; 1.5% Yield
October 29, 2015 9:33 AM EDTStandard Motor Products (NYSE: SMP) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.
The dividend will be payable on December 1, 2015, to stockholders of record on November 16, 2015, with an ex-dividend date of November 12, 2015.
The annual yield on the dividend is 1.5... More
Standard Motor Products (SMP) Reports In-Line Q3 EPS; CEO Sills to Retire
October 29, 2015 9:33 AM EDTStandard Motor Products (NYSE: SMP) reported Q3 EPS of $0.80, in-line with the analyst estimate of $0.80. Revenue for the quarter came in at $270 million versus the consensus estimate of $269.3 million.
The company announced stated today that Chairman and Chief Executive Officer Lawrence I. Sills has announced his plans to retire as CEO of the Company and will become Executive Chairman of the Board of Directors effective March 31, 2016. Eric Sills, President, will succeed him as Chief Executive Officer and will be appointed to the Board of Directors.
In addition, effective March 31, 2016: Chief... More
