Super Group Limited (SGHC) to Issue Annual Dividend of $0.10 on July 17th

Super Group Limited (NYSE:SGHC) declared an annual dividend on Thursday, June 27th, Zacks reports. Shareholders of record on Monday, July 8th will be given a dividend of 0.10 per share on Wednesday, July 17th. This represents a yield of 3.14%. The ex-dividend date is Monday, July 8th.

Super Group has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Super Group to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 23.3%.

Super Group Trading Up 0.9 %

Super Group stock opened at $3.21 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 26.75 and a beta of 0.74. The company’s 50-day moving average price is $3.43 and its two-hundred day moving average price is $3.27. Super Group has a 52 week low of $2.63 and a 52 week high of $3.98.

Super Group (NYSE:SGHC) last released its earnings results on Thursday, April 25th. The company reported ($0.04) EPS for the quarter. The company had revenue of $387.56 million for the quarter. Super Group had a net margin of 4.33% and a return on equity of 11.56%. Research analysts expect that Super Group will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Super Group in a research note on Thursday, May 9th.

About Super Group

Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. Super Group (SGHC) Limited is based in Saint Peter Port, Guernsey.