Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

Utilities Utilities - Regulated Gas

Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.

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Superior Plus Corp > Dividend

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Comment by cttglvron May 14, 2024 11:24am

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Post# 36038871

RE:Dividend

From RBC
May 12, 2024 Superior Plus Corp

Outperform TSX: SPB; CAD 9.53 Price Target CAD 15.00

Attractive yield supported by a conservative payout ratio. We believe the current dividend yield of ~7-8% is attractive and sustainable. We estimate that the payout ratio will be 40–50% in 2024–25 (based on ACFFO).

Why do these half wits post the sky is falling? Dividends from these types of companies (PPL. TRP, ENB) cover dividends from free cash flow.

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