Suburban Propane Partners, L.P. Declares Quarterly Dividend of $0.33 (NYSE:SPH)

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, July 25th, NASDAQ reports. Shareholders of record on Tuesday, August 6th will be paid a dividend of 0.325 per share by the energy company on Tuesday, August 13th. This represents a $1.30 annualized dividend and a yield of 7.19%. The ex-dividend date is Tuesday, August 6th.

Suburban Propane Partners has decreased its dividend by an average of 10.3% annually over the last three years. Suburban Propane Partners has a payout ratio of 56.3% indicating that its dividend is sufficiently covered by earnings.

Suburban Propane Partners Trading Up 0.3 %

Shares of NYSE SPH opened at $18.08 on Monday. The business’s 50 day moving average is $19.24 and its two-hundred day moving average is $19.64. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.65. Suburban Propane Partners has a 1-year low of $14.43 and a 1-year high of $22.33. The stock has a market capitalization of $1.16 billion, a P/E ratio of 10.70 and a beta of 0.44.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, May 9th. The energy company reported $1.72 EPS for the quarter. The firm had revenue of $498.09 million for the quarter. Suburban Propane Partners had a return on equity of 18.91% and a net margin of 8.02%.

Insider Buying and Selling

In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $19.18, for a total transaction of $57,540.00. Following the completion of the sale, the director now owns 39,515 shares in the company, valued at $757,897.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus upped their target price on Suburban Propane Partners from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, June 10th. StockNews.com cut Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.