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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

TSX:SPB - Post Discussion

Superior Plus Corp > Share price vs dividend
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Post by rockmstockm on Dec 02, 2024 9:48pm

Share price vs dividend

The dividend is now just over 2% annually.... the share price has to be cut in half to be worth purchasing.
Comment by itsalie on Dec 03, 2024 10:46am
maybe time to look elsewhere then
Comment by pierrelebel on Dec 03, 2024 10:59am
rockmstockm wrote "... the share price has to be cut in half to be worth purchasing...." Clearly most investors have a different opinion with the share price UP more than 10% in the last ten days (from $6.20 to $7). The shares currently trade at prices slightly ABOVE where they did prior to the dividend cut announced on November 6th. Dividends are important BUT they are not the only ...more  
Comment by claritas on Dec 03, 2024 11:08am
I agree with you.  SPB is NOT an income stock at this time.  A recent RBC report on meeting with SPB indicates that SPB is working on extracting more value (EBTIDA) from the propane side of the business with the goal of adding $50mm.  As well on the Centarus side, they are working to diversify more outside of oil&gas and reduce capex. We will know more at the April 2025 ...more  
Comment by himmler on Dec 03, 2024 11:38am
SPB at this point is not worth buying for the dividend,it's only for the future growth. My investment manager stated that it's a buy even now. Keep in mind when you read this that I mentioned this a while ago and was promptly jumped on by the usual troll. We all lost $ on this company by opening it the last year or so.But that was also a point I discussed on this forum,in that if you sold ...more  
Comment by stockstarker on Dec 03, 2024 1:30pm
Brookfield is the one stirring the ship, they took control of TransAlta years ago and the stock was paying a dividend of $1.20 a year. The dividend was cut to about 16 cents a share  a year. The stock price went down to the $5 range where I added a bunch more shares, They have turned the company from a utility stock to a growth stock. The dividend has about double since then and the share ...more  
Comment by himmler on Dec 03, 2024 8:26pm
I agree %100 that Brookfield is involved in ways not always clear to the general public..And they are smart operators. Some would argue they are waiting in the wings to buy out SPB.That may very well be true,however in most cases they'll take out a company that has an established bright future...and more importantly one that has a strategy they agree with. After the recent changes the company ...more  
Comment by fasteddy0043 on Dec 04, 2024 3:37pm
Hopefully share price keeps moving up. Going to find lots of resistance as people in the stock for the dividend will be moving to higher dividend stocks as they reach breakeven 
Comment by rockmstockm on Dec 03, 2024 3:01pm
The share price would have been lifted by the high dividend. The company Share repurchases will just allow current holders to exit at current market value while it slowly sinks to a more reasonable yield.
Comment by pierrelebel on Dec 03, 2024 3:44pm
"while it slowly sinks to a more reasonable yield." Really?  Check the facts. Share price is UP since the dividend was reduced by 75%, not "sinking" lower. You need to understand NOT everything is about yield.
Comment by himmler on Dec 03, 2024 8:35pm
Hello Rock...The dividend topic about SPB doesn't matter anymore.No new investor cares about a %2 ish dividend on a company like this.Heck if you want dividend there's plenty of established blue chip companies out there. SPB at sub $ 7 was a buy for a new investor. Somebody is buying this and it's not only retail..the numbers are just too high.As for your yearly targets,nobody can even ...more  
Comment by rockmstockm on Dec 03, 2024 2:57pm
It's called hopium like opium the market rises short term hoping the company's self share purchases will make a difference. This stock will average below 7$ a year out and likely will see 5$ by next xmas