Superior Plus Corp. (TSE:SPB) Announces Quarterly Dividend of $0.05

Superior Plus Corp. (TSE:SPB - Get Free Report) declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.045 per share on Tuesday, July 15th. This represents a $0.18 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, June 30th.

Superior Plus Price Performance

Shares of SPB stock traded up C$0.01 during mid-day trading on Tuesday, reaching C$7.98. The stock had a trading volume of 321,212 shares, compared to its average volume of 859,287. The company has a market cap of C$1.34 billion, a P/E ratio of 29.34 and a beta of 0.76. The business has a 50-day simple moving average of C$7.61 and a 200 day simple moving average of C$6.80. Superior Plus has a 12-month low of C$5.15 and a 12-month high of C$8.83. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 193.35.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPB shares. BMO Capital Markets boosted their price objective on Superior Plus from C$9.00 to C$10.00 in a research report on Thursday, May 22nd. ATB Capital raised their target price on Superior Plus from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Raymond James Financial dropped their price objective on Superior Plus from C$11.50 to C$10.50 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. CIBC upped their price objective on shares of Superior Plus from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, National Bankshares increased their target price on shares of Superior Plus from C$6.50 to C$7.50 and gave the company a "sector perform" rating in a research note on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$10.05.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.