Superior Plus Corp. (SPB) to Issue Monthly Dividend of $0.06 on January 15th
Superior Plus Corp. (TSE:SPB) declared a monthly dividend on Thursday, December 7th, Zacks reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.06 per share on Monday, January 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Thursday, December 28th.
Superior Plus (TSE:SPB) traded down C$0.01 during trading hours on Friday, hitting C$11.83. 101,700 shares of the stock were exchanged, compared to its average volume of 285,199. Superior Plus has a 52 week low of C$10.80 and a 52 week high of C$13.34. The company has a market capitalization of $1,690.00, a PE ratio of -17.14 and a beta of 0.40.
In related news, Director Patrick Edward Gottschalk acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average price of C$10.19 per share, for a total transaction of C$305,700.00. Insiders purchased a total of 32,700 shares of company stock valued at $339,623 in the last 90 days.
SPB has been the subject of a number of research analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$13.75 target price on shares of Superior Plus in a research note on Monday, October 16th. CIBC cut their target price on shares of Superior Plus from C$13.50 to C$13.00 in a research note on Monday, November 13th. Canaccord Genuity cut their target price on shares of Superior Plus from C$13.25 to C$13.00 in a research note on Wednesday, November 15th. TD Securities lifted their target price on shares of Superior Plus from C$13.00 to C$13.50 and gave the company a “hold” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a C$13.00 target price on shares of Superior Plus in a research note on Thursday, September 28th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$13.69.
Superior Plus Company Profile
Superior Plus Corp. (Superior) is a Canada-based diversified business company. The Company operates through two segment: Energy Distribution and Specialty Chemicals. The Company’s Energy Distribution operating segment provides distribution, wholesale procurement and related services in relation to propane, heating oil and other refined fuels under Canadian propane division and the United States refined fuels division.
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