Star Group, L.P. (SGU) to Issue Quarterly Dividend of $0.17 on February 5th

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.1725 per share by the pipeline company on Wednesday, February 5th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, January 27th.

Star Group has increased its dividend payment by an average of 6.7% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Star Group Price Performance

NYSE SGU opened at $11.83 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71. Star Group has a 12 month low of $9.64 and a 12 month high of $12.93. The stock has a market cap of $409.08 million, a price-to-earnings ratio of 20.75 and a beta of 0.48. The company’s 50 day moving average is $11.78 and its two-hundred day moving average is $11.59.

Star Group (NYSE:SGU) last announced its quarterly earnings data on Wednesday, December 4th. The pipeline company reported ($1.00) EPS for the quarter. Star Group had a net margin of 1.99% and a return on equity of 12.01%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Star Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.