Superior Plus Corp. (SPB) To Go Ex-Dividend on December 31st

Superior Plus Corp. (TSE:SPB) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.045 per share on Wednesday, January 15th. This represents a $0.18 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, December 31st.

Superior Plus Stock Down 0.8 %

SPB traded down C$0.05 during midday trading on Friday, hitting C$6.27. 1,360,973 shares of the company’s stock traded hands, compared to its average volume of 1,019,897. The company has a market cap of C$1.56 billion, a PE ratio of -125.40 and a beta of 0.76. The company has a debt-to-equity ratio of 133.90, a current ratio of 0.75 and a quick ratio of 0.46. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. The stock’s fifty day simple moving average is C$6.52 and its 200-day simple moving average is C$7.63.

Wall Street Analyst Weigh In

SPB has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a report on Tuesday, October 22nd. Desjardins cut their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research note on Wednesday, October 16th. TD Securities boosted their target price on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. CIBC upgraded shares of Superior Plus from a “neutral” rating to an “outperform” rating and lowered their price objective for the stock from C$9.50 to C$8.50 in a report on Friday, November 8th. Finally, Scotiabank cut their target price on shares of Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Superior Plus has a consensus rating of “Moderate Buy” and a consensus price target of C$10.05.

Insider Buying and Selling

In other Superior Plus news, Director Shawn Bradley Vammen bought 5,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of C$6.35 per share, with a total value of C$31,750.00. Also, Director Patrick Edward Gottschalk purchased 100,000 shares of Superior Plus stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. 0.54% of the stock is currently owned by company insiders.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.