Superior Plus Corp. (SPB) To Go Ex-Dividend on November 29th

Superior Plus Corp. (TSE:SPB) declared a monthly dividend on Wednesday, November 7th, Zacks reports. Stockholders of record on Friday, November 30th will be paid a dividend of 0.06 per share on Friday, December 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend is Thursday, November 29th.

Shares of Superior Plus stock opened at C$10.41 on Friday. Superior Plus has a twelve month low of C$10.33 and a twelve month high of C$13.56. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 154.23.

In related news, insider John Engelen purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average price of C$10.55 per share, for a total transaction of C$31,650.00. In the last quarter, insiders purchased 5,500 shares of company stock valued at $58,875.

SPB has been the subject of several recent research reports. Raymond James dropped their price target on Superior Plus from C$15.00 to C$14.50 in a research report on Wednesday, October 24th. CIBC dropped their price target on Superior Plus from C$15.00 to C$14.50 in a research report on Friday, November 9th. Finally, Canaccord Genuity lifted their price target on Superior Plus from C$13.50 to C$13.75 in a research report on Wednesday, August 15th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$14.73.

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Superior Plus Company Profile

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company's Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products.

Read More: Intrinsic Value and Stock Selection

Dividend History for Superior Plus (TSE:SPB)

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