Bullboard - Stock Discussion Forum Superior Plus Corp T.SPB

Alternate Symbol(s): SUUIF

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... see more

Add To Watchlist

TSX:SPB - Post Discussion

Superior Plus Corp > dividend cut to .045 per quarter

View:

Post by junglejames on Nov 06, 2024 5:52pm

dividend cut to .045 per quarter

Introducing a more balanced approach to capital allocation aimed at increasing shareholder value and providing additional financial flexibility. Superior is shifting its return of capital priorities from dividends to share repurchases. As a result, going forward the company’s quarterly dividend is being reduced from C$0.18 to C$0.045 per common share effective immediately.