Superior Plus Corp. Announces Quarterly Dividend of $0.18 (TSE:SPB)

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Friday, September 27th, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.18 per share on Tuesday, October 15th. This represents a $0.72 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.

Superior Plus Price Performance

The company has a debt-to-equity ratio of 133.90, a quick ratio of 0.46 and a current ratio of 0.75. The stock has a market capitalization of C$1.95 billion, a P/E ratio of -156.20 and a beta of 0.77. Superior Plus has a fifty-two week low of C$7.47 and a fifty-two week high of C$10.83. The firm’s 50 day simple moving average is C$7.81 and its 200-day simple moving average is C$8.84.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.19) by C($0.08). Superior Plus had a positive return on equity of 1.17% and a negative net margin of 0.10%. The business had revenue of C$578.62 million during the quarter, compared to the consensus estimate of C$710.53 million. As a group, equities research analysts anticipate that Superior Plus will post 0.5286285 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPB shares. ATB Capital dropped their price objective on Superior Plus from C$13.00 to C$12.00 in a report on Thursday, August 15th. Cibc World Mkts downgraded shares of Superior Plus from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. TD Securities dropped their price objective on Superior Plus from C$12.00 to C$10.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. CIBC cut Superior Plus from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$14.00 to C$10.00 in a report on Thursday, August 15th. Finally, National Bankshares decreased their price objective on shares of Superior Plus from C$10.00 to C$9.00 in a research report on Thursday, August 15th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$10.55.

Superior Plus Company Profile

Superior Plus Corp. distributes and markets propane, compressed natural gas and renewable energy in both the United States and Canada. The company operates through The United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), and North American Wholesale Propane Distribution (Wholesale Propane), and Certarus segments.