Standard Motor Products (SMP) will raise its quarterly dividend by 8 percent to $0.27 per share in 2022. The next dividend will be paid on March 1, 2022. The ex-dividend date for SMP is Feb. 14, 2022. Standard Motors reinstated its dividend in October 2020 following the suspension in May 2020 during the covid-19 pandemic.

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. The dividend was suspended in 2020 because of COVID-19 and reinstated later that year.