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

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 paid a dividend of 0.14 per share by the textile maker on Friday, February 28th. This represents a $0.56 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Tuesday, February 18th.

Superior Group of Companies has increased 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 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 Stock Down 1.2 %

Shares of Superior Group of Companies stock opened at $14.85 on Friday. The company has a market cap of $242.65 million, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.44. The company’s 50 day moving average is $15.79 and its 200 day moving average is $15.48. Superior Group of Companies has a twelve month low of $11.66 and a twelve month high of $21.80. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Analysts Set New Price Targets

Several research firms have 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 increased their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th.

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.