Superior Plus Corp T.SPB

Share price vs dividend

[rockmstockm]

The dividend is now just over 2% annually.... the share price has to be cut in half to be worth purchasing.

[itsalie]

maybe time to look elsewhere then

[pierrelebel]

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

[claritas]

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

[himmler]

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

[stockstarker]

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

[himmler]

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

[fasteddy0043]

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 

[rockmstockm]

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.

[pierrelebel]

"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.

[himmler]

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

[rockmstockm]

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