Standard Motor Products Announces Increase in Quarterly Dividend
Feb. 3, 2014
Feb. 3, 2014—Standard Motor Products Inc., an automotive replacement parts manufacturer and distributor, announced Monday that its board of directors has approved an increase in its quarterly common stock dividend from 11 cents per share to 13 cents per share, payable on March 3 to stockholders of record on Feb. 18.
"Our board's decision reflects our positive financial performance and continued commitment to delivering returns to our investors," said Lawrence Sills, Standard Motor’s chairman and CEO.
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