Superior Group of Companies, Inc. (NASDAQ:SGC - Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.14 per share by the textile maker on Friday, February 28th. This represents a $0.56 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Tuesday, February 18th.
Superior Group of Companies has raised its dividend by an average of 6.8% per year over the last three years. Superior Group of Companies has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 57.7%.
Superior Group of Companies Stock Up 2.1 %
Shares of SGC stock traded up $0.30 during trading hours on Monday, hitting $14.83. 42,522 shares of the company were exchanged, compared to its average volume of 37,739. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The stock has a market capitalization of $242.34 million, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.56 and a beta of 1.44. Superior Group of Companies has a one year low of $11.66 and a one year high of $21.80. The business's 50-day simple moving average is $15.95 and its two-hundred day simple moving average is $15.59.
Analyst Ratings Changes
Several brokerages have recently commented on SGC. Barrington Research lifted their target price on Superior Group of Companies from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Superior Group of Companies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, December 3rd.
Check Out Our Latest Stock Report on SGC
Insider Activity
In related news, Director Andrew D. Demott, Jr. sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the sale, the director now directly owns 205,281 shares in the company, valued at $3,350,185.92. This trade represents a 5.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 27.10% of the company's stock.
About Superior Group of Companies
(
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Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.
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