Standard Motor Products (SMP)’s Board of Directors Approves Quarterly Dividend Increase

3 days ago 6

​Standard Motor Products, Inc. (NYSE:SMP) is 1 of the Overlooked Small Cap Stocks to Buy Now. On February 2, Standard Motor Products, Inc. (NYSE:SMP) announced that its Board of Directors approved an summation successful quarterly dividend from 31 cents to 33 cents per share. The summation represents 6.5% emergence from the erstwhile quarterly dividend and volition beryllium payable connected March 2, 2026.

​That said, Standard Motor Products, Inc. (NYSE:SMP) is expected to merchandise its fiscal Q4 2025 results connected February 20, 2026. Wall Street expects the institution to station a quarterly gross of astir $385.91 million, on with a normalized EPS of $0.49.

​In different news, Standard Motor Products, Inc. (NYSE:SMP) connected January 13 announced increasing its Evaporative Emissions (EVAP) merchandise enactment with much than 1,150 parts. Management noted that these parts assistance power gasoline vapors from escaping into the air, preventing contamination and besides fixing issues that trigger a vehicle’s cheque motor light. Management besides highlighted that this is simply a strategical measurement that aligns with stricter US authorities policies against emissions, which is boosting request for EVAP parts.

​Standard Motor Products, Inc. (NYSE:SMP) manufactures and distributes replacement parts for the automotive aftermarket. The institution focuses connected motor management, electrical/safety systems, ligament sets, AC components, and thermal products done its Vehicle Control and Temperature Control segments.

While we admit the imaginable of SMP arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.

Read Entire Article