Super Group Limited (NYSE:SGHC - Get Free Report) announced a semi-annual dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.04 per share on Friday, March 28th. This represents a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 10th.
Super Group has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Super Group to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.
Super Group Stock Down 1.0 %
Shares of SGHC traded down $0.08 during trading hours on Friday, reaching $7.50. 757,149 shares of the company traded hands, compared to its average volume of 804,863. Super Group has a 12-month low of $2.90 and a 12-month high of $8.51. The stock has a market capitalization of $3.73 billion, a P/E ratio of 124.94 and a beta of 0.99. The business has a fifty day moving average price of $7.14 and a 200-day moving average price of $5.51.
Wall Street Analysts Forecast Growth
SGHC has been the topic of several analyst reports. Canaccord Genuity Group increased their price target on Super Group from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday. Oppenheimer raised their target price on Super Group from $9.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their price objective on shares of Super Group from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $10.00 target price on shares of Super Group in a research note on Monday, January 27th.
View Our Latest Report on SGHC
About Super Group
(
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Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.
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