Superior Group of Companies Inc (SGC) Increases Dividend to $0.10 Per Share

Superior Group of Companies Inc (NASDAQ:SGC) announced a quarterly dividend on Monday, August 6th, Wall Street Journal reports. Investors of record on Wednesday, August 15th will be given a dividend of 0.10 per share by the textile maker on Wednesday, August 29th. This represents a $0.40 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, August 14th. This is a positive change from Superior Group of Companies’s previous quarterly dividend of $0.10.

Superior Group of Companies has increased its dividend by an average of 8.6% per year over the last three years and has increased its dividend every year for the last 2 years. Superior Group of Companies has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Superior Group of Companies to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 26.8%.

SGC stock traded down $0.17 on Monday, hitting $19.25. 287 shares of the company’s stock traded hands, compared to its average volume of 16,866. Superior Group of Companies has a 1-year low of $18.53 and a 1-year high of $28.85. The firm has a market cap of $297.36 million, a PE ratio of 15.40, a P/E/G ratio of 1.20 and a beta of -0.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.76 and a quick ratio of 3.11.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Thursday, July 26th. The textile maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $82.39 million during the quarter, compared to analyst estimates of $86.38 million. Superior Group of Companies had a net margin of 4.44% and a return on equity of 13.76%. sell-side analysts expect that Superior Group of Companies will post 1.2 earnings per share for the current year.

SGC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Superior Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barrington Research set a $29.00 price target on shares of Superior Group of Companies and gave the company a “buy” rating in a research report on Monday, May 7th. Finally, BidaskClub downgraded shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Friday, May 11th.

In other Superior Group of Companies news, insider Philip Koosed sold 4,312 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $20.30, for a total value of $87,533.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 33.20% of the stock is currently owned by corporate 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: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel, and accessories for the personnel of hospitals and health facilities; hotels, commercial buildings, residential buildings, and food service facilities; retail stores; general and special purpose industrial uses; commercial enterprises; public and private safety and security organizations; and miscellaneous service uses.

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Dividend History for Superior Group of Companies (NASDAQ:SGC)

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