Superior Group of Companies, Inc. (NASDAQ:SGC – Get Free Report) 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
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.
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