Superior Group of Companies (SGC) will raise its quarterly dividend by 20 percent to 12 cents per share in 2021. This is the first dividend hike since the company announced a 5.3 percent increase to $0.10 per share in 2018.
The next dividend is payable June 11, 2021, to shareholders of record as of May 28, 2021. The new annual dividend of 48 cents per share yields 1.8% at a stock price of $26.28.
Michael Benstock, Chief Executive Officer, commented, “We are very pleased to raise our dividend by 20% as a result of the significant increases in our operating results over the last year and our continued confidence for the future.”
Superior Group Of Companies, Inc., formerly Superior Uniform Group, Inc., manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. The company's brands include HPI, Fashion Seal Healthcare, CID Resources, Bamko, Tangerine, Publicidentity and Theofficegurus.