Star Group, L.P. (NYSE:SGU) Plans Dividend Increase – $0.17 Per Share

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Monday, April 29th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, May 8th. This represents a $0.69 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Star Group’s previous quarterly dividend of $0.16.

Star Group has increased its dividend by an average of 7.0% per year over the last three years and has increased its dividend every year for the last 11 years.

Star Group Price Performance

Shares of NYSE:SGU opened at $11.23 on Thursday. The firm’s 50 day moving average price is $10.65 and its 200-day moving average price is $11.50. Star Group has a twelve month low of $9.90 and a twelve month high of $15.22. The company has a quick ratio of 0.56, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $399.45 million, a PE ratio of 21.60 and a beta of 0.48.

Star Group (NYSE:SGU) last released its earnings results on Wednesday, February 7th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $528.10 million during the quarter. Star Group had a net margin of 1.72% and a return on equity of 11.07%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 13th.

Star Group Company Profile

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.