Superior Group of Companies, Inc. (NASDAQ:SGC – Get Free Report) announced a quarterly dividend on Monday, May 4th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.14 per share by the textile maker on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, May 15th.
Superior Group of Companies has increased its dividend payment by an average of 0.1%annually over the last three years. Superior Group of Companies has a payout ratio of 67.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Superior Group of Companies to earn $0.96 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 58.3%.
Superior Group of Companies Price Performance
SGC stock opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.73 and a quick ratio of 1.76. Superior Group of Companies has a 1 year low of $8.30 and a 1 year high of $13.78. The company’s 50-day moving average is $10.70 and its 200-day moving average is $10.12. The stock has a market capitalization of $179.75 million, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.94 and a beta of 1.41.
Analysts Set New Price Targets
SGC has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. DA Davidson boosted their target price on shares of Superior Group of Companies from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.67.
Read Our Latest Research Report on Superior Group of Companies
Superior Group of Companies Company Profile
Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.
Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.
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