Standard Motor Products (SMP) will raise its quarterly dividend to $0.19 per share. The dividend will be paid on March 1, 2017 to stockholders of record on February 15, 2017.

Eric Sills, Standard Motor Products' Chief Executive Officer, stated, "We are pleased to announce an increase in our quarterly dividend. This reflects our confidence in the long-term outlook of our Company. As a part of our strategy, we strive to continue to return value to our shareholders through this quarterly dividend, while maintaining financial strength and flexibility to pursue other value-creating opportunities."

Standard Motor Products, Inc. is a manufacturer and distributor of  premium replacement parts for the engine management and temperature control systems of motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment market. Standard Motor sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers and original equipment service part operations in the United States, Canada, Mexico, Europe, Asia and other Latin American countries. The company's brands include Standard, Blue Streak, Intermotor, Standard Diesel, BWD Select, BWD, TechSmart, Tech/Expert, GP Sorensen, LockSmart, FourSeasons, Everco, Hayden Automotive, Pro Source and Factory Air.