Suburban Propane Partners, L.P. (SPH) To Go Ex-Dividend on May 6th

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.325 per share by the energy company on Tuesday, May 14th. This represents a $1.30 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Monday, May 6th.

Suburban Propane Partners has decreased its dividend payment by an average of 10.3% annually over the last three years. Suburban Propane Partners has a payout ratio of 52.0% meaning its dividend is sufficiently covered by earnings.

Suburban Propane Partners Trading Down 0.8 %

Shares of SPH opened at $19.69 on Friday. The firm’s 50 day simple moving average is $20.29 and its 200 day simple moving average is $18.60. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.38 and a beta of 0.43. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.72 and a quick ratio of 0.52. Suburban Propane Partners has a 1-year low of $14.42 and a 1-year high of $22.33.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share for the quarter. Suburban Propane Partners had a net margin of 7.36% and a return on equity of 17.97%. The business had revenue of $365.83 million for the quarter.

Insider Buying and Selling at Suburban Propane Partners

In other news, SVP Neil Scanlon sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total value of $502,580.00. Following the transaction, the senior vice president now owns 162,129 shares in the company, valued at $3,133,953.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPH. StockNews.com cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Mizuho cut shares of Suburban Propane Partners from a “neutral” rating to an “underperform” rating and increased their price target for the company from $16.00 to $17.00 in a research report on Monday, January 29th.

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.