Superior Group of Companies, Inc. (NASDAQ:SGC) Plans $0.14 Quarterly Dividend

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Monday, November 6th, Zacks reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.14 per share by the textile maker on Wednesday, December 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Tuesday, November 21st.

Superior Group of Companies has increased its dividend by an average of 10.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Superior Group of Companies has a payout ratio of 73.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Superior Group of Companies to earn $0.76 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 73.7%.

Superior Group of Companies Stock Performance

Shares of Superior Group of Companies stock opened at $11.30 on Monday. The company has a market capitalization of $186.56 million, a PE ratio of 24.04, a P/E/G ratio of 2.28 and a beta of 1.09. The company has a 50-day simple moving average of $8.26 and a two-hundred day simple moving average of $8.67. Superior Group of Companies has a one year low of $7.14 and a one year high of $12.58. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.97 and a current ratio of 3.16.

Institutional Investors Weigh In On Superior Group of Companies

A number of large investors have recently modified their holdings of SGC. High Net Worth Advisory Group LLC grew its position in Superior Group of Companies by 322.2% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker’s stock worth $34,000 after purchasing an additional 1,450 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Superior Group of Companies by 68.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,121 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,263 shares during the period. Barclays PLC raised its stake in Superior Group of Companies by 540.2% in the 4th quarter. Barclays PLC now owns 3,169 shares of the textile maker’s stock worth $32,000 after acquiring an additional 2,674 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Superior Group of Companies by 646.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,156 shares of the textile maker’s stock worth $37,000 after acquiring an additional 3,599 shares during the period. Finally, UBS Group AG grew its stake in Superior Group of Companies by 456.3% during the 4th quarter. UBS Group AG now owns 5,563 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 4,563 shares during the last quarter. Hedge funds and other institutional investors own 34.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SGC. Barrington Research reiterated an “outperform” rating and set a $13.00 price objective on shares of Superior Group of Companies in a research note on Thursday, September 28th. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 10th.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to retail, hotel, food service, entertainment, technology, transportation, and other industries.