Super Group Limited (NYSE:SGHC) to Issue $0.04 Semi-annual Dividend

Super Group Limited (NYSE:SGHC) declared a semi-annual dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.04 per share on Friday, March 28th. This represents a yield of 3.6%. The ex-dividend date is Monday, March 10th.

Super Group has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Super Group to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.

Super Group Stock Up 5.3 %

NYSE:SGHC opened at $7.04 on Friday. The business’s 50 day moving average is $7.21 and its two-hundred day moving average is $5.58. Super Group has a 52 week low of $2.90 and a 52 week high of $8.51. The company has a market cap of $3.51 billion, a PE ratio of 117.39 and a beta of 1.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SGHC shares. Benchmark reaffirmed a “buy” rating and set a $10.00 target price on shares of Super Group in a report on Monday, January 27th. Needham & Company LLC raised their price target on Super Group from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on Super Group from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Finally, Oppenheimer raised their price target on Super Group from $9.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th.

Super Group Company Profile

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.