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

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date is Friday, September 27th.

Superior Plus Price Performance

Shares of SPB opened at C$7.66 on Thursday. Superior Plus has a 1-year low of C$7.51 and a 1-year high of C$10.90. The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 40.43 and a beta of 0.77. The company’s fifty day simple moving average is C$8.46 and its 200 day simple moving average is C$9.16. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 129.19.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.05). The firm had revenue of C$1.21 billion for the quarter, compared to the consensus estimate of C$1.38 billion. Superior Plus had a return on equity of 2.58% and a net margin of 0.57%. On average, research analysts forecast that Superior Plus will post 0.2619128 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SPB shares. TD Securities reduced their price objective on shares of Superior Plus from C$12.00 to C$10.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank of Canada dropped their price objective on Superior Plus from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. Cormark lowered their target price on Superior Plus from C$12.00 to C$10.00 in a research note on Monday, July 29th. National Bankshares lowered Superior Plus from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$12.00 to C$10.00 in a report on Tuesday, July 16th. Finally, BMO Capital Markets reduced their target price on Superior Plus from C$12.00 to C$10.00 and set an “outperform” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Superior Plus presently has an average rating of “Moderate Buy” and a consensus price target of C$11.59.

Insider Activity at Superior Plus

In other Superior Plus news, Senior Officer Kirsten Olsen bought 3,765 shares of the business’s stock in a transaction on Monday, May 27th. The stock was bought at an average price of C$9.37 per share, with a total value of C$35,278.05. Insiders own 0.54% of the company’s stock.

Superior Plus Company Profile

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.