Suburban Propane Partners, L.P. (NYSE:SPH – Get Free Report) declared a quarterly dividend on Thursday, January 22nd. Shareholders 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) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Tuesday, February 3rd.
Suburban Propane Partners has decreased its dividend payment by an average of 0.1%per year 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 fall.
Suburban Propane Partners Stock Performance
NYSE:SPH opened at $20.23 on Friday. The firm has a 50-day moving average of $19.07 and a two-hundred day moving average of $18.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.55 and a quick ratio of 0.31. The stock has a market cap of $1.34 billion, a P/E ratio of 12.33 and a beta of 0.41. Suburban Propane Partners has a 1-year low of $17.30 and a 1-year high of $22.24.
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.
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