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

Superior Plus Corp. (TSE:SPBGet Rating) declared a monthly dividend on Thursday, May 5th, Zacks reports. Investors of record on Tuesday, May 31st will be paid a dividend of 0.06 per share on Wednesday, June 15th. This represents a $0.72 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend is Monday, May 30th.

Shares of SPB stock opened at C$11.52 on Friday. The firm has a 50-day moving average price of C$11.57 and a 200 day moving average price of C$12.62. Superior Plus has a twelve month low of C$10.80 and a twelve month high of C$16.24. The company has a market capitalization of C$2.32 billion and a price-to-earnings ratio of 11.11. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 124.28.

Superior Plus (TSE:SPBGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.24). The firm had revenue of C$824.90 million for the quarter, compared to the consensus estimate of C$681.67 million. As a group, research analysts predict that Superior Plus will post 0.6974888 earnings per share for the current year.

In other news, Senior Officer Elizabeth Summers acquired 4,500 shares of the stock in a transaction on Tuesday, February 22nd. The stock was bought at an average price of C$10.92 per share, with a total value of C$49,140.00. Following the completion of the transaction, the insider now directly owns 42,782 shares of the company’s stock, valued at C$467,179.44.

A number of research firms have recently commented on SPB. Cormark raised shares of Superior Plus to a “buy” rating and set a C$15.00 price objective for the company in a research note on Thursday. National Bankshares set a C$13.00 price objective on shares of Superior Plus and gave the company an “outperform” rating in a research note on Wednesday, April 6th. Royal Bank of Canada raised shares of Superior Plus to a “buy” rating and set a C$15.00 price objective for the company in a research note on Thursday. National Bank Financial raised shares of Superior Plus from a “sector perform under weight” rating to an “outperfrom under weight” rating in a research report on Tuesday, January 25th. Finally, BMO Capital Markets cut their price target on shares of Superior Plus from C$13.00 to C$12.50 in a report on Tuesday, February 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from, the stock presently has a consensus rating of “Buy” and a consensus price target of C$14.58.

Superior Plus Company Profile (Get Rating)

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California.

Further Reading

Dividend History for Superior Plus (TSE:SPB)

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