Superior Plus Corp. (TSE:SPB) Declares Quarterly Dividend of $0.05

Superior Plus Corp. (TSE:SPB) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.045 per share on Wednesday, January 15th. This represents a $0.18 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Tuesday, December 31st.

Superior Plus Trading Down 0.8 %

Shares of TSE SPB opened at C$6.27 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 133.90. The business has a fifty day simple moving average of C$6.52 and a two-hundred day simple moving average of C$7.63. The firm has a market cap of C$1.56 billion, a PE ratio of -125.40 and a beta of 0.76. Superior Plus has a twelve month low of C$5.15 and a twelve month high of C$10.36.

Insider Buying and Selling

In other Superior Plus news, Director Patrick Edward Gottschalk bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of C$6.32 per share, for a total transaction of C$632,150.40. Also, Director Shawn Bradley Vammen purchased 5,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$6.35 per share, for a total transaction of C$31,750.00. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

SPB has been the subject of a number of research analyst reports. Scotiabank decreased their target price on Superior Plus from C$12.00 to C$9.00 in a research report on Monday, November 11th. TD Securities boosted their price target on Superior Plus from C$7.50 to C$9.00 in a research report on Thursday, December 5th. Desjardins reduced their price target on Superior Plus from C$10.50 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Cibc World Mkts raised Superior Plus to a “strong-buy” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets reduced their price target on Superior Plus from C$10.00 to C$9.00 in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$10.05.

About Superior Plus

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.