Superior Industries cuts dividend by 50 percent

Superior Industries International (SUP) will lower its quarterly dividend to $0.09 per share.

The new dividend is payable on July 19, 2017, to shareholders of record as of July 5, 2017.

Based on the current stock price of $19.25 the new dividend yield is 1.9%. Year-to-date Superior Industries has lost 27% of its market value. The current market cap is $484 million.

Superior Industries International, Inc. designs and manufactures cast aluminum wheels for automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.

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