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

Key Points

• Superior Group of Companies, Inc. announced a quarterly dividend of $0.14 per share, with an annualized yield of 4.9%, scheduled for payment on August 29th to investors of record by August 18th.
• The company reported earnings of $0.10 per share for the last quarter, exceeding analysts' expectations of $0.05, with revenue reaching $144.05 million.
• Institutional investors have been actively increasing their holdings in Superior Group of Companies, indicating growing confidence in the company's performance, with 33.75% of the stock now owned by institutional investors.

Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.14 per share by the textile maker on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, August 18th.

Superior Group of Companies has a payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Superior Group of Companies stock traded down $0.21 during trading on Friday, reaching $11.21. The company's stock had a trading volume of 32,255 shares, compared to its average volume of 43,789. The company has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $11.41. The firm has a market cap of $179.02 million, a PE ratio of 21.98, a P/E/G ratio of 2.49 and a beta of 1.45. Superior Group of Companies has a fifty-two week low of $9.11 and a fifty-two week high of $18.48. The company has a current ratio of 2.71, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last announced its earnings results on Tuesday, August 5th. The textile maker reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $144.05 million for the quarter, compared to analysts' expectations of $133.32 million. Superior Group of Companies had a net margin of 1.44% and a return on equity of 4.22%. On average, analysts forecast that Superior Group of Companies will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Superior Group of Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Superior Group of Companies by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,489 shares of the textile maker's stock valued at $290,000 after buying an additional 881 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Superior Group of Companies by 0.3% during the 1st quarter. North Star Investment Management Corp. now owns 390,775 shares of the textile maker's stock worth $4,275,000 after purchasing an additional 1,000 shares in the last quarter. CWC Advisors LLC. boosted its position in shares of Superior Group of Companies by 2.9% during the 2nd quarter. CWC Advisors LLC. now owns 49,455 shares of the textile maker's stock worth $509,000 after purchasing an additional 1,395 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Superior Group of Companies by 17.9% during the 4th quarter. Bank of America Corp DE now owns 12,888 shares of the textile maker's stock worth $213,000 after purchasing an additional 1,960 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock worth $4,169,000 after purchasing an additional 2,320 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

About Superior Group of Companies

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.