Superior Group of Companies, Inc. (NASDAQ:SGC) to Issue Quarterly Dividend of $0.14

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Thursday, February 5th. Investors of record on Monday, February 16th will be given a dividend of 0.14 per share by the textile maker on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Friday, February 13th.

Superior Group of Companies has increased its dividend by an average of 0.1%per year over the last three years. Superior Group of Companies has a dividend payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Superior Group of Companies to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 57.7%.

Superior Group of Companies Trading Down 0.4%

NASDAQ:SGC opened at $10.02 on Friday. Superior Group of Companies has a 1-year low of $8.30 and a 1-year high of $15.31. The business’s 50-day moving average price is $9.91 and its two-hundred day moving average price is $10.47. The company has a current ratio of 2.94, a quick ratio of 1.83 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $160.02 million, a price-to-earnings ratio of 27.83, a PEG ratio of 1.34 and a beta of 1.48.

Superior Group of Companies (NASDAQ:SGC) last posted its earnings results on Monday, November 3rd. The textile maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $138.47 million for the quarter, compared to analyst estimates of $144.49 million. Superior Group of Companies had a return on equity of 2.89% and a net margin of 1.00%. On average, equities analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SGC. Wall Street Zen cut shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Superior Group of Companies presently has an average rating of “Moderate Buy” and an average target price of $17.33.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.