Super Group (SGHC) Limited Declares Quarterly Dividend of $0.04 (NYSE:SGHC)

Key Points

• Super Group (SGHC) Limited has declared a quarterly dividend of $0.04 per share, with the ex-dividend date set for September 18th and payment occurring on September 26th.
• The company maintains a low payout ratio of 23.2%, indicating it can adequately cover dividends with its earnings.
• Equities research analysts have set a consensus rating of "Buy" for Super Group (SGHC), with price targets ranging from $12.00 to $17.00.

Super Group (SGHC) Limited (NYSE:SGHC - Get Free Report) declared a quarterly dividend on Monday, September 8th, Wall Street Journal reports. Investors of record on Thursday, September 18th will be paid a dividend of 0.04 per share on Friday, September 26th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 18th.

Super Group (SGHC) has a payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Super Group (SGHC) to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.

Super Group (SGHC) Stock Up 0.6%

Shares of Super Group (SGHC) stock traded up $0.08 during midday trading on Monday, hitting $12.72. The company had a trading volume of 3,535,830 shares, compared to its average volume of 1,356,194. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 48.92 and a beta of 1.09. The company has a fifty day simple moving average of $11.55 and a 200 day simple moving average of $9.35. Super Group has a 12-month low of $3.44 and a 12-month high of $13.47.

Super Group (SGHC) (NYSE:SGHC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $579.00 million during the quarter, compared to analysts' expectations of $503.00 million. Super Group (SGHC) had a net margin of 6.42% and a return on equity of 36.68%. As a group, analysts expect that Super Group will post 0.29 EPS for the current year.

About Super Group (SGHC)

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.