Superior Plus Corp. (TSE:SPB) Declares Monthly Dividend of $0.06

Superior Plus Corp. (TSE:SPB) announced a monthly dividend on Thursday, November 7th, Zacks reports. Investors of record on Saturday, November 30th will be paid a dividend of 0.06 per share on Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date is Thursday, November 28th.

Shares of TSE SPB opened at C$12.59 on Wednesday. The business’s 50 day moving average price is C$12.28 and its 200 day moving average price is C$12.48. The firm has a market cap of $2.19 billion and a P/E ratio of 111.42. Superior Plus has a 52 week low of C$9.17 and a 52 week high of C$13.70. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 189.22.

SPB has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Superior Plus from C$14.00 to C$13.50 in a research report on Thursday, August 15th. National Bank Financial dropped their target price on Superior Plus from C$14.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Industrial Alliance Securities upgraded Superior Plus from a “buy” rating to a “strong-buy” rating and set a C$15.00 target price on the stock in a research report on Thursday, August 15th. Finally, Raymond James reiterated an “outperform” rating and issued a C$15.00 target price on shares of Superior Plus in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$14.75.

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.

See Also: Basic Economics

Dividend History for Superior Plus (TSE:SPB)

Receive News & Ratings for Superior Plus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Superior Plus and related companies with MarketBeat.com's FREE daily email newsletter.