Superior Group of Companies Announces 20% Increase in Regular Quarterly Cash Dividend

Rhea-AI Summary

The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.12 per share, payable on June 11, 2021, to shareholders of record as of May 28, 2021. This marks a 20% increase in the dividend, attributed to significant improvements in operating results over the past year. CEO Michael Benstock expressed confidence in the company's future, highlighting operating performance as a key factor for the dividend increase.

Positive

• Quarterly dividend raised by 20%, now $0.12 per share, demonstrating financial confidence.
• Strong operating results in the past year, leading to enhanced shareholder value.

Negative

• None.

SEMINOLE, Fla., May 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Superior Group of Companies, Inc. (NASDAQ: SGC) announced that the Board of Directors declared a quarterly dividend of $0.12 per share, payable June 11, 2021, to shareholders of record as of May 28, 2021. Michael Benstock, Chief Executive Officer, commented, “We are very pleased to raise our dividend by 20% as a result of the significant increases in our operating results over the last year and our continued confidence for the future.”

About Superior Group of Companies, Inc. (SGC):

Superior Group of Companies^™ formerly Superior Uniform Group, established in 1920, is a combination of companies that help our customers unlock the power of their brands by creating extraordinary brand engagement experiences for their employees and customers. We provide customized support for each of our divisions through our shared services model.

Fashion Seal Healthcare^®, HPI^® and WonderWink^® are our core uniform brands. Each is one of America’s leading providers of uniforms and image apparel in the markets we serve. We specialize in innovative uniform program design, global manufacturing, and state-of-the-art distribution. Every workday, more than 7 million Americans go to work wearing a uniform from Superior Group of Companies.

BAMKO^®, Tangerine Promotions^®, Public Identity^® and Gifts By Design^™ are our signature promotional product companies. We provide unique custom branding, design, sourcing, and marketing solutions to some of the world’s most successful brands.

The Office Gurus^® is a global provider of custom call and contact center support. As a true strategic partner, The Office Gurus implements customized solutions for our customers in order to accelerate their growth and improve our customers’ service experiences.

SGC’s commitment to service, technology, quality and value-added benefits, as well as our financial strength and resources, provides unparalleled support for our customers’ diverse needs while embracing a “Customer 1st, Every Time!” philosophy and culture in all of our business segments.

Visit www.superiorgroupofcompanies.com for more information.                                

FAQ

What is the dividend amount declared by Superior Group of Companies (SGC)?

The dividend amount declared is $0.12 per share.

When will the dividend for SGC be paid?

The dividend will be paid on June 11, 2021.

What date is the record date for Superior Group of Companies' dividend?

The record date is May 28, 2021.

Why did SGC increase its dividend?

SGC increased its dividend by 20% due to significant improvements in operating results over the last year.