Supreme (LON:SUP) Sets New 1-Year High After Dividend Announcement

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

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Supreme in a report on Tuesday.

Supreme Stock Up 1.8 %

The firm has a market capitalization of £200.41 million, a price-to-earnings ratio of 1,146.67 and a beta of 1.23. The firm has a fifty day moving average price of GBX 139.04 and a 200 day moving average price of GBX 125.39. The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 51.69.

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.