Superior Group of Companies Announces 20% Increase in Regular Quarterly Cash Dividend
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.12 per share, payable on June 11, 2021, to shareholders of record as of May 28, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.12 per share, payable on June 11, 2021, to shareholders of record as of May 28, 2021. This marks a 20% increase in the dividend, attributed to significant improvements in operating results over the past year. CEO Michael Benstock expressed confidence in the company's future, highlighting operating performance as a key factor for the dividend increase.
Positive
- Quarterly dividend raised by 20%, now $0.12 per share, demonstrating financial confidence.
- Strong operating results in the past year, leading to enhanced shareholder value.
Negative
- None.
Details
News Market Reaction – SGC
The recorded move for SGC in the trading session of this news was +0.73%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEMINOLE, Fla., May 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Superior Group of Companies, Inc. (NASDAQ: SGC) announced that the Board of Directors declared a quarterly dividend of
About Superior Group of Companies, Inc. (SGC):
Superior Group of Companies™ formerly Superior Uniform Group, established in 1920, is a combination of companies that help our customers unlock the power of their brands by creating extraordinary brand engagement experiences for their employees and customers. We provide customized support for each of our divisions through our shared services model.
Fashion Seal Healthcare®, HPI® and WonderWink® are our core uniform brands. Each is one of America’s leading providers of uniforms and image apparel in the markets we serve. We specialize in innovative uniform program design, global manufacturing, and state-of-the-art distribution. Every workday, more than 7 million Americans go to work wearing a uniform from Superior Group of Companies.
BAMKO®, Tangerine Promotions®, Public Identity® and Gifts By Design™ are our signature promotional product companies. We provide unique custom branding, design, sourcing, and marketing solutions to some of the world’s most successful brands.
The Office Gurus® is a global provider of custom call and contact center support. As a true strategic partner, The Office Gurus implements customized solutions for our customers in order to accelerate their growth and improve our customers’ service experiences.
SGC’s commitment to service, technology, quality and value-added benefits, as well as our financial strength and resources, provides unparalleled support for our customers’ diverse needs while embracing a “Customer 1st, Every Time!” philosophy and culture in all of our business segments.
Visit www.superiorgroupofcompanies.com for more information.
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