Suburban Propane Partners, L.P. (SPH) To Go Ex-Dividend on August 4th

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.325 per share by the energy company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Tuesday, August 4th.

Suburban Propane Partners has decreased its dividend by an average of 0.1%annually over the last three years. Suburban Propane Partners has a payout ratio of 76.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Suburban Propane Partners to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 65.0%.

Suburban Propane Partners Price Performance

Shares of NYSE SPH opened at $18.68 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.08 and a quick ratio of 0.82. The business has a 50-day moving average of $18.26 and a 200-day moving average of $19.35. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.39 and a beta of 0.42. Suburban Propane Partners has a fifty-two week low of $16.53 and a fifty-two week high of $20.80.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, May 7th. The energy company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.32. Suburban Propane Partners had a return on equity of 19.45% and a net margin of 9.57%.The business had revenue of $551.21 million for the quarter, compared to analyst estimates of $575.00 million. As a group, sell-side analysts predict that Suburban Propane Partners will post 2.05 earnings per share for the current fiscal year.

About Suburban Propane Partners

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.