Super Group (SGHC) Limited (NYSE:SGHC) Increases Dividend to $0.05 Per Share

Super Group (SGHC) Limited (NYSE:SGHC) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 16th will be paid a dividend of 0.05 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. This is a 25.0% increase from Super Group (SGHC)’s previous quarterly dividend of $0.04.

Super Group (SGHC) has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Super Group (SGHC) to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.

Super Group (SGHC) Price Performance

Shares of SGHC traded up $0.51 during mid-day trading on Tuesday, reaching $10.23. 1,465,875 shares of the company’s stock were exchanged, compared to its average volume of 2,701,241. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.02. Super Group has a 52-week low of $5.59 and a 52-week high of $14.38. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 23.70 and a beta of 1.08. The company has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $11.47.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.