Super Group (SGHC) Limited (NYSE:SGHC) Raises Dividend to $0.05 Per Share

Super Group (SGHC) Limited (NYSE:SGHC) announced a quarterly dividend on Monday, February 23rd. Investors of record on Monday, March 16th will be paid a dividend of 0.05 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, March 16th. This is a 25.0% increase from Super Group (SGHC)’s previous quarterly dividend of $0.04.

Super Group (SGHC) has a dividend payout ratio of 23.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Super Group (SGHC) to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 32.7%.

Super Group (SGHC) Stock Up 5.2%

NYSE SGHC traded up $0.51 during trading hours on Tuesday, hitting $10.23. The company had a trading volume of 1,465,875 shares, compared to its average volume of 2,701,241. The firm’s 50 day moving average is $10.32 and its 200 day moving average is $11.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.75 and a quick ratio of 1.75. Super Group has a fifty-two week low of $5.59 and a fifty-two week high of $14.38. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 23.70 and a beta of 1.08.

Institutional Trading of Super Group (SGHC)

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in Super Group (SGHC) by 324.3% during the fourth quarter. Invesco Ltd. now owns 4,671,798 shares of the company’s stock valued at $55,828,000 after buying an additional 3,570,825 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Super Group (SGHC) by 97.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,437,534 shares of the company’s stock valued at $58,575,000 after acquiring an additional 2,193,989 shares during the last quarter. Norges Bank acquired a new stake in shares of Super Group (SGHC) during the 4th quarter valued at approximately $23,791,000. Millennium Management LLC raised its position in shares of Super Group (SGHC) by 127.2% during the 1st quarter. Millennium Management LLC now owns 2,737,329 shares of the company’s stock valued at $17,628,000 after acquiring an additional 1,532,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Super Group (SGHC) by 74.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,920,185 shares of the company’s stock worth $22,946,000 after purchasing an additional 818,455 shares during the last quarter. 5.09% of the stock is owned by institutional investors.

About Super Group (SGHC)

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.