Superior Group of Companies, Inc. (NASDAQ:SGC) to Issue $0.14 Quarterly Dividend

Superior Group of Companies, Inc. (NASDAQ:SGC) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.14 per share by the textile maker on Friday, February 28th. This represents a $0.56 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, February 18th.

Superior Group of Companies has raised its dividend payment by an average of 6.8% per year over the last three years. Superior Group of Companies has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Superior Group of Companies to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 57.7%.

Superior Group of Companies Price Performance

Shares of NASDAQ SGC opened at $14.53 on Friday. The firm has a fifty day moving average of $16.04 and a 200 day moving average of $15.73. Superior Group of Companies has a one year low of $11.66 and a one year high of $21.80. The firm has a market cap of $237.42 million, a PE ratio of 17.51, a PEG ratio of 1.56 and a beta of 1.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings data on Wednesday, November 6th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The company had revenue of $149.69 million during the quarter, compared to analyst estimates of $143.03 million. During the same period in the previous year, the business earned $0.19 EPS. As a group, research analysts predict that Superior Group of Companies will post 0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SGC. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 3rd. Barrington Research upped their price target on Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Insider Transactions at Superior Group of Companies

In other news, Director Andrew D. Demott, Jr. sold 12,500 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $16.32, for a total value of $204,000.00. Following the transaction, the director now owns 205,281 shares in the company, valued at approximately $3,350,185.92. This represents a 5.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 27.10% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.