Superior Industries International Inc (SUP) to Issue $0.18 Quarterly Dividend

Superior Industries International Inc (NYSE:SUP) declared a quarterly dividend on Friday, March 3rd. Shareholders of record on Tuesday, April 4th will be paid a dividend of 0.18 per share by the auto parts company on Tuesday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, March 31st.

Superior Industries International has raised its dividend by an average of 230.2% per year over the last three years. Superior Industries International has a payout ratio of 37.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Superior Industries International to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 33.8%.

Superior Industries International (NYSE:SUP) traded down 2.05% during trading on Friday, hitting $23.90. The company had a trading volume of 145,969 shares. The company’s 50 day moving average price is $24.82 and its 200-day moving average price is $25.26. The company has a market cap of $595.99 million, a PE ratio of 14.75 and a beta of 0.73. Superior Industries International has a 12 month low of $21.90 and a 12 month high of $32.12.

Superior Industries International (NYSE:SUP) last announced its earnings results on Thursday, March 2nd. The auto parts company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.12. Superior Industries International had a net margin of 5.65% and a return on equity of 12.38%. The company earned $188.30 million during the quarter, compared to the consensus estimate of $177.32 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Equities analysts expect that Superior Industries International will post $1.94 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Superior Industries International in a research note on Monday, March 6th. Zacks Investment Research upgraded shares of Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, March 6th.

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About Superior Industries International

Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.