Superior Plus Corp. (TSE:SPB) to Issue $0.06 Monthly Dividend
Superior Plus Corp. (TSE:SPB) declared a monthly dividend on Thursday, July 27th, TickerTech reports. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.06 per share on Tuesday, August 15th. This represents a $0.72 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Thursday, July 27th.
Shares of Superior Plus Corp. (TSE SPB) traded down 1.51% during mid-day trading on Friday, hitting $11.08. 350,580 shares of the stock traded hands. Superior Plus Corp. has a 52 week low of $10.98 and a 52 week high of $13.34. The company has a market cap of $1.58 billion and a price-to-earnings ratio of 6.79. The stock has a 50-day moving average of $11.45 and a 200-day moving average of $12.40.
Several brokerages recently commented on SPB. Scotiabank reduced their price target on shares of Superior Plus Corp. from C$13.75 to C$13.00 and set a “sector perform” rating for the company in a research report on Monday, July 10th. TD Securities restated a “hold” rating and issued a C$14.00 price target on shares of Superior Plus Corp. in a research report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$13.84.
In related news, insider John Engelen bought 2,100 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was bought at an average price of C$12.55 per share, for a total transaction of C$26,355.00.
About Superior Plus Corp.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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