Supreme (LON:SUP) Reaches New 52-Week High Following Dividend Announcement

Shares of Supreme Plc (LON:SUP) hit a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 190 ($2.40) and last traded at GBX 169 ($2.14), with a volume of 1331121 shares. The stock had previously closed at GBX 179 ($2.26).

The newly announced dividend which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, August 22nd will be issued a GBX 3.20 ($0.04) dividend. The ex-dividend date is Thursday, August 22nd. This represents a yield of 1.79%. This is a positive change from Supreme’s previous dividend of $1.50. Supreme’s dividend payout ratio (DPR) is presently 2,666.67%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Supreme in a report on Tuesday.

Supreme Stock Up 1.8 %

The business has a 50-day simple moving average of GBX 139.04 and a 200-day simple moving average of GBX 125.39. The company has a debt-to-equity ratio of 51.69, a quick ratio of 0.98 and a current ratio of 1.62. The company has a market cap of £200.41 million, a price-to-earnings ratio of 1,146.67 and a beta of 1.23.

About Supreme

Supreme Plc supplies and distributes a range of consumer goods in the United Kingdom, Ireland, the Netherlands, France, rest of Europe, and internationally. It operates through Batteries; Lighting; Vaping; Sports Nutrition & Wellness; and Other Consumer Goods segments. The company offers consumer batteries; lighting, energy-saving bulbs, private label lighting, LED light fittings, lamps and light fittings, and point of sale display solutions; sports nutrition and wellness products; and smart home LED technology solutions.