Superior Plus Corp. (TSE:SPB) Announces Quarterly Dividend of $0.18

Superior Plus Corp. (TSE:SPB - Get Free Report) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.18 per share on Monday, July 15th. This represents a $0.72 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend is Friday, June 28th.

Superior Plus Price Performance

SPB stock traded up C$0.07 during trading on Thursday, reaching C$9.42. The company's stock had a trading volume of 797,552 shares, compared to its average volume of 722,114. The company's fifty day moving average is C$9.66 and its 200-day moving average is C$9.63. Superior Plus has a 1 year low of C$9.05 and a 1 year high of C$10.90. The company has a market capitalization of C$2.34 billion, a P/E ratio of 40.96 and a beta of 0.80. The company has a quick ratio of 0.46, a current ratio of 0.87 and a debt-to-equity ratio of 140.14.

Superior Plus (TSE:SPB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C$0.27 EPS for the quarter, missing analysts' consensus estimates of C$0.31 by C($0.04). Superior Plus had a return on equity of 4.77% and a net margin of 1.54%. The business had revenue of C$985.80 million during the quarter, compared to analysts' expectations of C$1.21 billion. On average, research analysts expect that Superior Plus will post 0.3863354 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. TD Securities reduced their price target on shares of Superior Plus from C$13.50 to C$13.00 and set a "buy" rating on the stock in a report on Friday, February 23rd. CIBC decreased their target price on Superior Plus from C$16.00 to C$14.00 and set an "outperform" rating on the stock in a research report on Friday, February 23rd. Finally, Scotiabank cut their price target on Superior Plus from C$12.75 to C$12.00 and set a "sector perform" rating for the company in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$12.69.

Insider Activity

In related news, Director Allan Angus Macdonald purchased 53,022 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were bought at an average price of C$9.45 per share, for a total transaction of C$500,983.67. Corporate insiders own 0.49% of the company's stock.

About Superior Plus

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.