Suburban Propane Partners, L.P. (SPH) To Go Ex-Dividend on February 3rd

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, January 22nd. Stockholders 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) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, February 3rd.

Suburban Propane Partners has decreased its dividend 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 decline.

Suburban Propane Partners Stock Up 0.7%

Shares of NYSE:SPH opened at $19.58 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 11.94 and a beta of 0.41. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.31 and a current ratio of 0.55. Suburban Propane Partners has a 52-week low of $17.30 and a 52-week high of $22.24. The firm has a fifty day moving average of $18.92 and a 200 day moving average of $18.66.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, November 13th. The energy company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.11). The firm had revenue of $211.38 million for the quarter, compared to the consensus estimate of $227.00 million. Suburban Propane Partners had a return on equity of 16.31% and a net margin of 7.44%.

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.