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

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.14 per share by the textile maker on Friday, February 28th. This represents a $0.56 annualized dividend and a yield of 3.72%.

Superior Group of Companies has increased its dividend payment by an average of 6.8% annually over the last three years. Superior Group of Companies has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Superior Group of Companies to earn $0.97 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 57.7%.

Superior Group of Companies Trading Up 0.9 %

Superior Group of Companies stock traded up $0.14 during mid-day trading on Thursday, hitting $15.06. The company’s stock had a trading volume of 12,700 shares, compared to its average volume of 36,889. The company has a 50 day moving average of $16.08 and a 200-day moving average of $15.74. The stock has a market cap of $246.10 million, a PE ratio of 18.14, a P/E/G ratio of 1.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. Superior Group of Companies has a one year low of $11.66 and a one year high of $21.80.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Wednesday, November 6th. The textile maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $149.69 million for the quarter, compared to the consensus estimate of $143.03 million. During the same quarter in the prior year, the company earned $0.19 EPS. On average, research analysts anticipate that Superior Group of Companies will post 0.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com raised Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Barrington Research increased their price target on Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

Insider Buying and Selling

In other Superior Group of Companies news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the completion of the sale, the director now directly owns 205,281 shares in the company, valued at approximately $3,350,185.92. This trade represents a 5.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.10% of the stock is currently owned by company insiders.

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 chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.