Superior Uniform Group, Inc. Announces Quarterly Dividend of $0.10 (SGC)
Superior Uniform Group, Inc. (NASDAQ:SGC) announced a quarterly dividend on Wednesday, November 1st, NASDAQ reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.095 per share by the textile maker on Wednesday, November 29th. This represents a $0.38 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, November 14th.
Superior Uniform Group (NASDAQ:SGC) last posted its earnings results on Thursday, October 26th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $67.77 million during the quarter, compared to analyst estimates of $68.06 million. Superior Uniform Group had a return on equity of 14.70% and a net margin of 6.79%.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/02/superior-uniform-group-inc-announces-quarterly-dividend-of-0-10-sgc.html.
Several brokerages recently issued reports on SGC. Barrington Research boosted their price objective on Superior Uniform Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Superior Uniform Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded Superior Uniform Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.
In other Superior Uniform Group news, insider Philip Koosed sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $21.56, for a total value of $377,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 34.70% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Superior Uniform Group stock. State Street Corp lifted its stake in shares of Superior Uniform Group, Inc. (NASDAQ:SGC) by 11.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,255 shares of the textile maker’s stock after purchasing an additional 11,632 shares during the period. State Street Corp owned 0.77% of Superior Uniform Group worth $2,531,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.69% of the company’s stock.
About Superior Uniform Group
Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.
Receive News & Ratings for Superior Uniform Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Uniform Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.