Superior Group of Companies, Inc. (NASDAQ:SGC – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be paid a dividend of 0.14 per share by the textile maker on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 14th.
Superior Group of Companies has raised its dividend by an average of 0.1%annually over the last three years. Superior Group of Companies has a dividend 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 Trading Up 8.0%
Shares of NASDAQ:SGC traded up $1.03 during midday trading on Tuesday, hitting $13.95. 173,187 shares of the stock traded hands, compared to its average volume of 44,339. Superior Group of Companies has a one year low of $8.30 and a one year high of $14.59. The company has a quick ratio of 1.76, a current ratio of 2.73 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $12.99 and its two-hundred day moving average is $11.43. The stock has a market capitalization of $218.04 million, a PE ratio of 24.47, a P/E/G ratio of 2.02 and a beta of 1.45.
Analysts Set New Price Targets
A number of research firms have weighed in on SGC. Wall Street Zen upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. DA Davidson set a $18.00 price target on shares of Superior Group of Companies in a report on Tuesday. Finally, Weiss Ratings upgraded Superior Group of Companies from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.00.
Read Our Latest Stock Analysis 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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