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

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.14 per share by the textile maker on Monday, June 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, May 17th.

Superior Group of Companies has raised its dividend payment by an average of 23.1% per year over the last three years.

Superior Group of Companies Price Performance

NASDAQ:SGC traded down $0.03 during trading hours on Thursday, reaching $19.91. 207,413 shares of the company were exchanged, compared to its average volume of 63,962. The company has a market capitalization of $332.70 million, a P/E ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.40. The business has a 50 day moving average of $16.16 and a 200 day moving average of $13.79. Superior Group of Companies has a 1-year low of $7.36 and a 1-year high of $20.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.78 and a quick ratio of 1.80.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The textile maker reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. Superior Group of Companies had a net margin of 1.61% and a return on equity of 4.51%. The company had revenue of $147.24 million during the quarter, compared to the consensus estimate of $142.59 million. Research analysts forecast that Superior Group of Companies will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SGC. Singular Research reaffirmed a "buy" rating on shares of Superior Group of Companies in a report on Tuesday, March 19th. StockNews.com raised shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 20th. Finally, Barrington Research raised their target price on Superior Group of Companies from $13.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th.

Insider Activity at Superior Group of Companies

In other news, Director Paul V. Mellini sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $15.66, for a total value of $93,960.00. Following the transaction, the director now owns 92,955 shares in the company, valued at approximately $1,455,675.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul V. Mellini sold 6,000 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $15.66, for a total value of $93,960.00. Following the transaction, the director now directly owns 92,955 shares of the company's stock, valued at approximately $1,455,675.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Koosed sold 9,000 shares of the company's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $15.64, for a total value of $140,760.00. Following the sale, the insider now owns 82,436 shares in the company, valued at approximately $1,289,299.04. The disclosure for this sale can be found here. 26.50% of the stock is currently owned by company insiders.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.