Superior Plus Corp. Plans Monthly Dividend of $0.06 (TSE:SPB)

Superior Plus Corp. (TSE:SPB) declared a monthly dividend on Thursday, June 10th, Zacks reports. Shareholders of record on Wednesday, June 30th will be given a dividend of 0.06 per share on Thursday, July 15th. This represents a $0.72 annualized dividend and a yield of 4.62%. The ex-dividend date is Tuesday, June 29th.

TSE:SPB traded up C$0.05 on Friday, hitting C$15.60. 51,387 shares of the company’s stock traded hands, compared to its average volume of 556,330. The company has a debt-to-equity ratio of 134.93, a quick ratio of 0.43 and a current ratio of 1.72. Superior Plus has a 1 year low of C$10.61 and a 1 year high of C$15.69. The firm’s 50-day simple moving average is C$15.00. The firm has a market capitalization of C$2.75 billion and a P/E ratio of 20.27.

Superior Plus (TSE:SPB) last announced its quarterly earnings results on Wednesday, May 12th. The company reported C$0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.66 by C($0.30). The company had revenue of C$839.50 million during the quarter, compared to analyst estimates of C$743.50 million. Analysts predict that Superior Plus will post 0.75 earnings per share for the current fiscal year.

In other Superior Plus news, Senior Officer Elizabeth Summers bought 2,000 shares of the firm’s stock in a transaction dated Friday, May 14th. The shares were bought at an average price of C$14.92 per share, for a total transaction of C$29,840.00. Following the completion of the acquisition, the insider now owns 30,403 shares of the company’s stock, valued at C$453,612.76.

SPB has been the subject of several analyst reports. Atb Cap Markets lowered Superior Plus from an “outperform” rating to a “sector perform” rating in a report on Sunday, February 21st. BMO Capital Markets boosted their target price on Superior Plus from C$12.50 to C$14.00 and gave the stock a “na” rating in a report on Friday, May 14th. Canaccord Genuity lowered Superior Plus from a “buy” rating to a “hold” rating in a report on Friday, February 19th. Raymond James reiterated an “outperform” rating and set a C$16.25 price target on shares of Superior Plus in a report on Wednesday, May 26th. Finally, ATB Capital upped their price target on Superior Plus from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 26th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Superior Plus currently has a consensus rating of “Hold” and a consensus target price of C$15.43.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. It operates through three segments: Canadian Propane Distribution, United States (U.S.) Propane Distribution, and Specialty Chemicals. The Canadian Propane Distribution segment engages in the propane and natural gas liquid marketing wholesale business in Canada and California.

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Dividend History for Superior Plus (TSE:SPB)

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