Superior Plus Corp. announced its cash dividend for the month of January 2023 of $0.06 per share payable on February 15, 2023. The record date is January 31, 2023 and the ex-dividend date will be January 30, 2023. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
A summary of Superior’s dividends paid for the year 2022 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.
Move to Quarterly Dividend Payments
As previously communicated and subject to approval of future common share dividends by the Board of Directors, Superior intends to move from its current practice of paying monthly dividends to a quarterly common share dividend payment, following the monthly March 2023 dividend to be paid in April 2023. Quarterly dividend payments are expected to be made on the last business day of March, June, September and December to shareholders of record on the 10th day of the corresponding month, if, as and when declared by the Board of Directors. Should the record date fall on a weekend or on a statutory holiday, the record date will be the next succeeding business day following the weekend or statutory holiday. Subject to approval by the Board of Directors, the first quarterly dividend is expected to be paid in June 2023.
