Superior Plus Corp. (TSE:SPB) Raises Dividend to $0.72 Per Share

Superior Plus Corp. (TSE:SPB) declared a monthly dividend on Monday, September 14th, Zacks reports. Investors of record on Wednesday, September 30th will be paid a dividend of 0.72 per share on Thursday, October 15th. This represents a $8.64 dividend on an annualized basis and a dividend yield of 70.42%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a positive change from Superior Plus’s previous monthly dividend of $0.06.

SPB opened at C$12.27 on Tuesday. The stock has a fifty day simple moving average of C$12.09 and a two-hundred day simple moving average of C$10.34. The company has a current ratio of 0.89, a quick ratio of 0.53 and a debt-to-equity ratio of 173.57. The company has a market cap of $2.16 billion and a price-to-earnings ratio of 62.92. Superior Plus has a 12-month low of C$5.97 and a 12-month high of C$13.04.

Superior Plus (TSE:SPB) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.20) by C$0.24. The firm had revenue of C$450.80 million during the quarter, compared to the consensus estimate of C$525.00 million. On average, analysts predict that Superior Plus will post 0.84 EPS for the current year.

SPB has been the subject of a number of research reports. ATB Capital increased their price objective on Superior Plus from C$13.50 to C$14.00 in a report on Wednesday, August 26th. National Bank Financial increased their target price on Superior Plus from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Monday, August 17th. CIBC increased their target price on Superior Plus from C$13.50 to C$14.50 in a research note on Monday, August 17th. Royal Bank of Canada increased their target price on Superior Plus from C$12.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Monday, August 17th. Finally, BMO Capital Markets increased their target price on Superior Plus from C$11.50 to C$11.75 in a research note on Monday, August 17th.

Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

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Dividend History for Superior Plus (TSE:SPB)

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