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

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, January 22nd. Investors of record on Tuesday, February 3rd will be paid a dividend of 0.325 per share by the energy company on Tuesday, February 10th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Suburban Propane Partners has decreased its dividend by an average of 0.1%annually over the last three years. Suburban Propane Partners has a dividend payout ratio of 76.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Suburban Propane Partners Stock Down 0.6%

Suburban Propane Partners stock traded down $0.11 during trading on Thursday, reaching $19.53. The stock had a trading volume of 171,950 shares, compared to its average volume of 130,775. The company has a quick ratio of 0.31, a current ratio of 0.55 and a debt-to-equity ratio of 2.02. Suburban Propane Partners has a 52-week low of $17.30 and a 52-week high of $22.24. The stock has a market cap of $1.29 billion, a PE ratio of 11.91 and a beta of 0.41. The business has a 50 day moving average price of $18.91 and a 200 day moving average price of $18.64.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, November 13th. The energy company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.11). The firm had revenue of $211.38 million during the quarter, compared to analyst estimates of $227.00 million. Suburban Propane Partners had a net margin of 7.44% and a return on equity of 16.31%.

Suburban Propane Partners Company Profile

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.