Standard Motor Products (SMP) Declares $0.15 Quarterly Dividend; 1.5% Yield

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Go back to Standard Motor Products (SMP) Declares $0.15 Quarterly Dividend; 1.5% Yield

Standard Motor Products (SMP) Reports In-Line Q3 EPS; CEO Sills to Retire

October 29, 2015 9:33 AM EDT

Standard 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