Super Group (SGHC) Limited (NYSE:SGHC) Declares Quarterly Dividend of $0.05

Super Group (SGHC) Limited (NYSE:SGHC) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Super Group (SGHC) has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Super Group (SGHC) to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 22.5%.

Super Group (SGHC) Stock Up 0.4%

Shares of Super Group (SGHC) stock opened at $13.77 on Friday. The stock’s fifty day moving average is $12.42 and its 200-day moving average is $11.24. The firm has a market capitalization of $6.97 billion, a PE ratio of 28.52 and a beta of 1.08. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.02. Super Group has a 12-month low of $8.46 and a 12-month high of $14.38.

Super Group (SGHC) (NYSE:SGHC) last announced its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $578.00 million for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%. Equities analysts anticipate that Super Group will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Benchmark boosted their target price on Super Group (SGHC) from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Citigroup reiterated an “outperform” rating on shares of Super Group (SGHC) in a report on Wednesday, May 20th. Weiss Ratings upgraded Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Super Group (SGHC) in a report on Thursday, April 16th. Finally, Citizens Jmp lifted their price target on Super Group (SGHC) from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Super Group (SGHC) presently has an average rating of “Moderate Buy” and an average price target of $17.57.

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.