Superior Plus Corporation declares monthly dividend of $0.06 per share (TSE:SPB)
According to data provided by Zacks, Superior Plus Corp. (TSE: SPB-Get Rating) made its regular dividend payment on September 8. On Monday, October 17, shareholders with their names and addresses on record through Friday, September 30, will be eligible to receive a dividend payment of $0.06 per share. This payment will be made to shareholders whose names and addresses were on file as of Friday, September 30. Calculated on an annualized basis, this translates to a dividend payment of $0.72 per month and a dividend yield of 6.55% for the company. September 29, which is a Thursday, is the date that will mark the start of “ex-dividend” status for this dividend. When trading began on Friday, a single Superior Plus share was worth C$10.99. The stock price is currently trading at C$11.54 per share, which is above the 50-day moving average price of $11.27 and the 200-day moving average price. The company’s market value is comparable to C$2.22 billion and its price-to-earnings ratio is 366.33. This illustration provides a debt ratio equal to 116.45, a quick ratio equal to 0.66 and a current ratio equal to 1.14.
Over the past year and a half, the price of a bottle of Superior Plus ranged from $10.75 to $15.06, depending on market conditions. Just recently, several equity research analysts released the results of their previous surveys of the company. In a public research note on Thursday, August 11, Scotiabank indicated that it would lower its target price for Superior Plus, which had previously been set at C$13.00, to C$12.50. Canaccord Genuity Group said in a May 16 research note that it had raised its price target for Superior Plus from C$13.50 to C$14.00. The announcement was made about the recent performance of Superior Plus. In a research note released Thursday, July 21, CIBC lowered its target price for Superior Plus from CA$13.50 to CA$13.25. The final and most important adjustment has been made here. The stock was recommended for buy by seven financial analysts working for credible organizations, while only two analysts made the suggestion to hold the stock. According to MarketBeat.com, the company is currently rated as having a “moderate buy” consensus. Its price target should soon reach CA$13.98 on average.
On Monday, June 20, an insider at Marquard & Bahls AG purchased 25,900 shares of the company. This transaction took place on the trading day. This is yet another turn of events. It costs $288,588.16 to buy all the shares, which works out to an average price of C$11.14 per share. As a result of the transaction, the insider will now directly own 36,671,764 shares of the company. Based on the current share price, these shares are worth approximately $408,611,463.19. Additionally, people who worked for the company purchased a total of 34,300 shares in the last fiscal year, bringing in the sum of $382,530. Power distribution is what Superior Plus Corporation focuses on as a business area. Propane Distribution in the United States and Propane Distribution in Canada are the names of the two divisions under which it operates. Propane, fuel oil and a wide variety of other liquid fuels are just a few of the products sold and distributed by the US propane distribution industry in California, the northeastern United States, the south- eastern and midwestern United States.
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MarketBeat tracks the most reputable and successful research analysts working on Wall Street and the companies these analysts recommend to their clients daily. MarketBeat also tracks the companies that these analysts study closely. There is no mention of Superior Plus on the list of five companies that well-known industry experts are surreptitiously promoting to their consumers as companies their customers should buy immediately before the public market goes down. to what they do. Even though Superior Plus is now ranked as a “moderate buy” by industry professionals, analysts with a high level of experts believe that the five companies listed below are superior buys.