Super Group (SGHC) Limited to Issue 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 Wednesday, September 10th, Wall Street Journal reports. Investors of record on Thursday, September 18th will be given a dividend of 0.04 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a yield of 1.2%. 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 Performance

NYSE SGHC traded down $0.15 on Wednesday, hitting $13.00. 5,698,502 shares of the stock traded hands, compared to its average volume of 1,301,798. The business's fifty day moving average is $11.44 and its two-hundred day moving average is $9.23. Super Group has a 12 month low of $3.38 and a 12 month high of $13.47. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 48.17 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SGHC. Needham & Company LLC raised their price target on Super Group (SGHC) from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Citizens Jmp assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "strong-buy" rating and a $15.00 price objective on the stock. Craig Hallum set a $12.00 price objective on Super Group (SGHC) in a report on Monday, May 19th. JMP Securities assumed coverage on Super Group (SGHC) in a report on Monday, July 14th. They issued a "market outperform" rating and a $15.00 price objective on the stock. Finally, Canaccord Genuity Group raised their target price on Super Group (SGHC) from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $13.88.

Super Group (SGHC) Company Profile

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.

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