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

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

Superior Plus Trading Down 0.8 %

Shares of TSE SPB opened at C$6.27 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 133.90. Superior Plus has a one year low of C$5.15 and a one year high of C$10.36. The business has a 50-day moving average price of C$6.52 and a two-hundred day moving average price of C$7.63. The firm has a market capitalization of C$1.56 billion, a PE ratio of -125.40 and a beta of 0.76.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

SPB has been the subject of several research reports. Desjardins decreased their price target on shares of Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, October 16th. CIBC raised shares of Superior Plus from a “neutral” rating to an “outperform” rating and decreased their target price for the company from C$9.50 to C$8.50 in a research note on Friday, November 8th. TD Securities boosted their price target on shares of Superior Plus from C$7.50 to C$9.00 in a report on Thursday, December 5th. Cibc World Mkts upgraded Superior Plus to a “strong-buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lowered their target price on Superior Plus from C$10.00 to C$9.00 in a research note on Tuesday, October 22nd. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.05.

Superior Plus Company Profile

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.