Suburban Propane Partners, L.P. (SPH) to Issue Quarterly Dividend of $0.33 on November 11th

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Tuesday, November 4th will be paid a dividend of 0.325 per share by the energy company on Tuesday, November 11th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, November 4th.

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.

Suburban Propane Partners Stock Down 0.2%

Shares of NYSE SPH opened at $18.98 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.70 and a debt-to-equity ratio of 1.90. Suburban Propane Partners has a 52 week low of $16.92 and a 52 week high of $22.24. The firm’s fifty day moving average is $18.56 and its 200 day moving average is $18.85. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 12.82 and a beta of 0.32.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, August 7th. The energy company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.06). Suburban Propane Partners had a return on equity of 16.12% and a net margin of 6.79%.The firm had revenue of $260.15 million during the quarter, compared to analysts’ expectations of $270.00 million.

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.