Superior Plus Corp. Announces Monthly Dividend of $0.06 (SPB)
Superior Plus Corp. (TSE:SPB) announced a monthly dividend on Friday, February 9th, Zacks reports. Shareholders of record on Wednesday, February 28th will be given a dividend of 0.06 per share on Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Tuesday, February 27th.
Shares of Superior Plus (TSE:SPB) opened at C$12.36 on Thursday. Superior Plus has a 52 week low of C$10.80 and a 52 week high of C$13.34. The company has a market cap of $1,760.00, a PE ratio of -58.86 and a beta of 0.36.
A number of analysts have commented on the stock. Canaccord Genuity upped their price objective on shares of Superior Plus from C$13.00 to C$13.25 in a research note on Friday, February 16th. Scotiabank set a C$14.00 price objective on shares of Superior Plus and gave the company a “sector perform” rating in a research note on Thursday, February 15th. TD Securities raised shares of Superior Plus from a “hold” rating to a “buy” rating and upped their price objective for the company from C$14.00 to C$15.00 in a research note on Thursday, February 15th. Desjardins reaffirmed a “buy” rating and set a C$15.00 price objective on shares of Superior Plus in a research note on Tuesday, February 6th. Finally, National Bank Financial reduced their price objective on shares of Superior Plus from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Superior Plus presently has an average rating of “Buy” and a consensus target price of C$13.96.
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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