Superior Uniform Group Inc (NASDAQ:SGC): What You Have To Know Before Buying For The Upcoming Dividend
Have you been keeping an eye on Superior Uniform Group Inc’s (NASDAQ:SGC) upcoming dividend of $0.1 per share payable on the 30 May 2018? Then you only have 3 days left before the stock starts trading ex-dividend on the 15 May 2018. What does this mean for current shareholders and potential investors? Below, I will explain how holding Superior Uniform Group can impact your portfolio income stream, by analysing the stock’s most recent financial data and dividend attributes. View our latest analysis for Superior Uniform Group
5 checks you should do on a dividend stock
When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Is their annual yield among the top 25% of dividend payers?
Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Has dividend per share amount increased over the past?
Is its earnings sufficient to payout dividend at the current rate?
Will the company be able to keep paying dividend based on the future earnings growth?
Does Superior Uniform Group pass our checks?
The current trailing twelve-month payout ratio for the stock is 39.96%, meaning the dividend is sufficiently covered by earnings. Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward. If there’s one type of stock you want to be reliable, it’s dividend stocks and their stable income-generating ability. In the case of SGC it has increased its DPS from $0.27 to $0.38 in the past 10 years. During this period it has not missed a payment, as one would expect for a company increasing its dividend. These are all positive signs of a great, reliable dividend stock. Compared to its peers, Superior Uniform Group generates a yield of 1.56%, which is on the low-side for Luxury stocks.
Next Steps:
With this in mind, I definitely rank Superior Uniform Group as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio. Given that this is purely a dividend analysis, I recommend taking sufficient time to understand its core business and determine whether the company and its investment properties suit your overall goals. I’ve put together three fundamental aspects you should further examine:
Future Outlook: What are well-informed industry analysts predicting for SGC’s future growth? Take a look at our free research report of analyst consensus for SGC’s outlook.
Historical Performance: What has SGC’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Dividend Rockstars: Are there better dividend payers with stronger fundamentals out there? Check out our free list of these great stocks here.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
