Superior Group of Companies, Inc. (NASDAQ:SGC) Plans Quarterly Dividend of $0.14

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, February 16th will be given a dividend of 0.14 per share by the textile maker on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, February 13th.

Superior Group of Companies has raised its dividend payment by an average of 0.1%per year over the last three years. Superior Group of Companies has a payout ratio of 67.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.3%

Shares of NASDAQ SGC opened at $10.09 on Friday. The company has a market cap of $161.14 million, a price-to-earnings ratio of 28.03, a PEG ratio of 1.34 and a beta of 1.48. The company has a quick ratio of 1.83, a current ratio of 2.94 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $9.91 and its 200 day moving average is $10.47. Superior Group of Companies has a 52 week low of $8.30 and a 52 week high of $15.31.

Superior Group of Companies (NASDAQ:SGC) last released its quarterly earnings data on Monday, November 3rd. The textile maker reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The firm had revenue of $138.47 million during the quarter, compared to analysts’ expectations of $144.49 million. Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. On average, equities research analysts expect that Superior Group of Companies will post 0.77 earnings per share for the current year.

Institutional Investors Weigh In On Superior Group of Companies

A number of institutional investors have recently modified their holdings of SGC. Advisory Services Network LLC bought a new position in shares of Superior Group of Companies during the 3rd quarter valued at $2,596,000. North Star Investment Management Corp. lifted its holdings in Superior Group of Companies by 17.6% in the fourth quarter. North Star Investment Management Corp. now owns 494,975 shares of the textile maker’s stock valued at $4,791,000 after acquiring an additional 74,000 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Superior Group of Companies in the third quarter worth about $623,000. Daytona Street Capital LLC purchased a new position in Superior Group of Companies in the fourth quarter worth about $290,000. Finally, Citadel Advisors LLC bought a new stake in shares of Superior Group of Companies during the 3rd quarter valued at about $217,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.