Superior Group of Companies, Inc. (SGC) To Go Ex-Dividend on February 13th

Superior Group of Companies, Inc. (NASDAQ:SGC) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, February 16th will be paid a dividend of 0.14 per share by the textile maker on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, February 13th.

Superior Group of Companies has raised its dividend payment by an average of 0.1%annually over the last three years. Superior Group of Companies has a dividend payout ratio of 67.5% 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 Price Performance

SGC opened at $10.53 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94. The stock has a market capitalization of $168.16 million, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The stock’s 50 day moving average price is $9.95 and its 200-day moving average price is $10.45. Superior Group of Companies has a 52-week low of $8.30 and a 52-week high of $15.31.

Institutional Investors Weigh In On Superior Group of Companies

Several hedge funds have recently bought and sold shares of SGC. Russell Investments Group Ltd. grew its holdings in Superior Group of Companies by 55.4% in the third quarter. Russell Investments Group Ltd. now owns 4,263 shares of the textile maker’s stock worth $46,000 after purchasing an additional 1,520 shares during the period. Certior Financial Group LLC purchased a new stake in shares of Superior Group of Companies in the 4th quarter worth approximately $105,000. HB Wealth Management LLC bought a new position in Superior Group of Companies during the 4th quarter valued at approximately $117,000. Allspring Global Investments Holdings LLC raised its stake in Superior Group of Companies by 9.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,329 shares of the textile maker’s stock valued at $119,000 after buying an additional 1,028 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Superior Group of Companies by 20.5% during the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after buying an additional 2,511 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.