Super Group Limited (SGHC) to Issue Semi-annual Dividend of $0.04 on March 28th

Super Group Limited (NYSE:SGHC) announced a semi-annual dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.04 per share on Friday, March 28th. This represents a yield of 3.6%. The ex-dividend date is Monday, March 10th.

Super Group has a payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Super Group to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.

Super Group Price Performance

Shares of NYSE:SGHC opened at $7.04 on Friday. The firm has a market capitalization of $3.51 billion, a PE ratio of 117.39 and a beta of 1.00. The business has a 50-day moving average of $7.21 and a two-hundred day moving average of $5.58. Super Group has a 12 month low of $2.90 and a 12 month high of $8.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SGHC shares. Oppenheimer increased their target price on Super Group from $9.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Needham & Company LLC increased their target price on Super Group from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their target price on Super Group from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Super Group in a report on Monday, January 27th.

About Super Group

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.