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

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) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Investors 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) annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, August 18th.

Superior Group of Companies has a dividend payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 18.5%

NASDAQ SGC traded up $1.77 during trading hours on Wednesday, hitting $11.35. The company had a trading volume of 92,761 shares, compared to its average volume of 50,193. The firm's 50 day moving average is $10.39 and its 200 day moving average is $11.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.90 and a quick ratio of 1.85. The company has a market capitalization of $181.41 million, a price-to-earnings ratio of 25.22, a P/E/G ratio of 2.41 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.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last issued 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 company had revenue of $144.05 million during the quarter, compared to the consensus estimate of $133.32 million. Superior Group of Companies had a return on equity of 3.70% and a net margin of 1.30%. Sell-side analysts anticipate that Superior Group of Companies will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP raised its holdings in Superior Group of Companies by 16.7% during the fourth quarter. Two Sigma Advisers LP now owns 18,900 shares of the textile maker's stock worth $312,000 after buying an additional 2,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Superior Group of Companies by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker's stock worth $15,411,000 after buying an additional 39,894 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Superior Group of Companies by 0.9% during the fourth quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock worth $4,169,000 after buying an additional 2,320 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Superior Group of Companies by 344.4% during the fourth quarter. BNP Paribas Financial Markets now owns 12,340 shares of the textile maker's stock worth $204,000 after buying an additional 9,563 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Superior Group of Companies by 36.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker's stock worth $3,023,000 after buying an additional 49,156 shares during the last quarter. 33.75% of the stock is owned by 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.

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