Tonix Pharmaceuticals stock halted ahead of FDA approval news
TORONTO - Superior Plus Corp. (TSX:SPB), currently trading at $57.03 with a market capitalization of $1.38 billion, announced Tuesday that its Board of Directors has approved a quarterly dividend of CAD $0.045 per common share, payable on October 15, 2025, to shareholders of record as of September 29, 2025.
The North American distributor of propane and compressed natural gas maintains an annualized cash dividend rate of CAD $0.18 per share, offering investors a 3.36% dividend yield. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics. The company noted in a press release that this dividend qualifies as an eligible dividend for Canadian income tax purposes.
Superior Plus describes itself as a distributor of propane, compressed natural gas, renewable energy and related products, serving approximately 750,000 customer locations across the U.S. and Canada. With last twelve months revenue of $2.85 billion and a strong current ratio of 2.42, the company operates primarily through its propane distribution and CNG, RNG and hydrogen distribution businesses. InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive Pro Research Report.
The dividend announcement comes as part of the company’s regular quarterly financial activities. Superior Plus stated that it delivers fuels to residential, commercial, utility, agricultural and industrial customers who are not connected to pipelines.
The company’s forward-looking statements in the announcement addressed potential future dividends, their timing, amounts, and expected tax treatment, while noting that such projections are subject to various risks and uncertainties including regulatory changes, commodity prices, and market conditions.
In other recent news, Spectrum Brands reported its fiscal third-quarter earnings, revealing a mixed financial performance. The company posted an earnings per share (EPS) of $1.24, which was below the forecasted $1.35, resulting in an 8.15% negative surprise. Revenue also fell short of expectations, totaling $699.6 million compared to the anticipated $745.55 million, marking a 6.16% shortfall. Despite these earnings misses, RBC Capital adjusted its price target for Spectrum Brands from $80.00 to $75.00, citing the impact of supply challenges and tariff-related shipment halts. Wells Fargo maintained its $60 price target and Equal Weight rating, noting improvements as the company heads into the fiscal fourth quarter and highlighting management’s reiterated free cash flow guidance. These developments reflect a complex landscape for Spectrum Brands as it navigates current economic challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.