Superior Plus Corp. Declares Quarterly Dividend of $0.05 (TSE:SPB)

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

Superior Plus Price Performance

Shares of TSE:SPB traded down C$0.05 during trading hours 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 price-to-earnings ratio of -125.40 and a beta of 0.76. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The company’s fifty day simple moving average is C$6.52 and its two-hundred day simple moving average is C$7.63. The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPB. Desjardins dropped their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. TD Securities raised their price objective on shares of Superior Plus from C$7.50 to C$9.00 in a research note on Thursday, December 5th. BMO Capital Markets cut their target price on shares of Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd. Cibc World Mkts raised Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Scotiabank reduced their price objective on Superior Plus from C$12.00 to C$9.00 in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$10.05.

Insiders Place Their Bets

In other news, Director Patrick Edward Gottschalk bought 100,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of C$6.35 per share, with a total value of C$31,750.00. Insiders own 0.54% of the company’s stock.

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.