Supreme (LON:SUP) Hits New 1-Year High Following Dividend Announcement

Shares of Supreme Plc (LON:SUP) hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 190 ($2.40) and last traded at GBX 169 ($2.14), with a volume of 1331121 shares. The stock had previously closed at GBX 179 ($2.26).

The newly announced dividend which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, August 22nd will be paid a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 1.79%. The ex-dividend date is Thursday, August 22nd. This is a positive change from Supreme’s previous dividend of $1.50. Supreme’s dividend payout ratio (DPR) is 2,666.67%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Supreme in a research note on Tuesday.

Supreme Stock Down 5.6 %

The company has a debt-to-equity ratio of 51.69, a quick ratio of 0.98 and a current ratio of 1.62. The stock has a 50 day moving average price of GBX 138.09 and a 200 day moving average price of GBX 125.06. The company has a market cap of £196.92 million, a P/E ratio of 1,126.67 and a beta of 1.23.

About Supreme

Supreme Plc supplies and distributes a range of consumer goods in the United Kingdom, Ireland, the Netherlands, France, rest of Europe, and internationally. It operates through Batteries; Lighting; Vaping; Sports Nutrition & Wellness; and Other Consumer Goods segments. The company offers consumer batteries; lighting, energy-saving bulbs, private label lighting, LED light fittings, lamps and light fittings, and point of sale display solutions; sports nutrition and wellness products; and smart home LED technology solutions.