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

by · The Markets Daily

Suburban Propane Partners, L.P. (NYSE:SPH – Get Free Report) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Tuesday, February 3rd will be given a dividend of 0.325 per share by the energy company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date 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 tumble.

Suburban Propane Partners Trading Down 0.6%

Shares of NYSE SPH traded down $0.11 during mid-day trading on Thursday, reaching $19.53. 171,950 shares of the company’s stock were exchanged, compared to its average volume of 130,775. The company’s 50-day moving average is $18.91 and its 200-day moving average is $18.64. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.31 and a current ratio of 0.55. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 11.91 and a beta of 0.41. Suburban Propane Partners has a 52-week low of $17.30 and a 52-week high of $22.24.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Suburban Propane Partners in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Suburban Propane Partners has an average rating of “Hold”.

Read Our Latest Stock Analysis on SPH

Suburban Propane Partners Company Profile

(Get Free Report)

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.

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