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

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders 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 is Tuesday, December 31st.

Superior Plus Stock Down 0.8 %

Shares of SPB opened at C$6.27 on Friday. Superior Plus has a 52 week low of C$5.15 and a 52 week high of C$10.36. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -125.40 and a beta of 0.76. The stock’s 50-day moving average price is C$6.52 and its 200-day moving average price is C$7.63.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPB shares. TD Securities upped their price target on Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. CIBC upgraded Superior Plus from a “neutral” rating to an “outperform” rating and lowered their price target for the stock from C$9.50 to C$8.50 in a research report on Friday, November 8th. Scotiabank lowered their price target on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. BMO Capital Markets lowered their price target on Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Finally, Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$10.05.

Insider Activity

In related news, Director Shawn Bradley Vammen acquired 5,000 shares of Superior Plus stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$6.35 per share, for a total transaction of C$31,750.00. Also, Director Patrick Edward Gottschalk acquired 100,000 shares of Superior Plus stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of C$6.32 per share, for a total transaction of C$632,150.40. Company 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.