Superior Group of Companies Inc (NASDAQ:SGC) declared a quarterly dividend on Monday, February 4th, Wall Street Journal reports. Stockholders of record on Wednesday, February 13th will be paid a dividend of 0.10 per share by the textile maker on Wednesday, February 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, February 12th.
Superior Group of Companies has increased its dividend payment by an average of 7.4% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Superior Group of Companies has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities 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%.
NASDAQ SGC opened at $17.60 on Monday. The firm has a market capitalization of $268.80 million, a P/E ratio of 14.08, a P/E/G ratio of 0.87 and a beta of -0.16. Superior Group of Companies has a 12 month low of $15.30 and a 12 month high of $28.49. The company has a quick ratio of 2.79, a current ratio of 4.18 and a debt-to-equity ratio of 0.74.
A number of research firms recently commented on SGC. BidaskClub lowered Superior Group of Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Zacks Investment Research downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet downgraded Superior Group of Companies from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. Finally, Barrington Research set a $27.00 price objective on Superior Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 31st.
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Superior Group of Companies Company Profile
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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