Superior Plus Corp. Announces Quarterly Dividend of $0.18 (TSE:SPB)

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Friday, March 29th will be given a dividend of 0.18 per share on Monday, April 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Wednesday, March 27th.

Superior Plus Stock Up 0.1 %

SPB opened at C$10.23 on Tuesday. Superior Plus has a one year low of C$9.05 and a one year high of C$11.21. The company has a debt-to-equity ratio of 140.14, a quick ratio of 0.46 and a current ratio of 0.87. The stock’s fifty day moving average is C$9.58 and its 200-day moving average is C$9.79. The company has a market capitalization of C$2.54 billion, a PE ratio of 44.48 and a beta of 0.79.

Superior Plus (TSE:SPB) last issued its earnings results on Wednesday, February 21st. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.31 by C($0.04). The company had revenue of C$985.80 million during the quarter, compared to analyst estimates of C$1.21 billion. Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. On average, equities analysts predict that Superior Plus will post 0.4397254 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on SPB shares. CIBC lowered their target price on Superior Plus from C$16.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Scotiabank reduced their price target on Superior Plus from C$12.75 to C$12.00 and set a “sector perform” rating for the company in a research report on Friday, February 23rd. Raymond James cut Superior Plus from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$12.50 to C$11.50 in a research report on Thursday, January 4th. Finally, TD Securities reduced their price target on Superior Plus from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Superior Plus presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.69.

Insider Buying and Selling at Superior Plus

In other news, Director Allan Angus Macdonald purchased 53,022 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average price of C$9.45 per share, with a total value of C$500,983.67. Insiders own 0.49% of the company’s stock.

About Superior Plus

Superior Plus Corp. distributes and markets propane and distillates in both the United States and Canada. It operates through three segments: The United States Retail Propane Distribution (U.S. Propane); Canadian Retail Propane Distribution (Canadian Propane); and North American Wholesale Propane Distribution (Wholesale Propane).