Sunoco LP (NYSE:SUN) Declares Quarterly Dividend of $0.93

Sunoco LP (NYSE:SUN) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.9317 per share by the oil and gas company on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, February 6th. This is a 1.2% increase from Sunoco’s previous quarterly dividend of $0.92.

Sunoco has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Sunoco has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sunoco to earn $11.53 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 31.9%.

Sunoco Price Performance

Shares of SUN stock traded up $0.34 during trading hours on Wednesday, reaching $58.96. 52,105 shares of the company were exchanged, compared to its average volume of 453,289. Sunoco has a fifty-two week low of $47.98 and a fifty-two week high of $59.88. The stock’s fifty day moving average is $54.72 and its two-hundred day moving average is $52.89. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 20.14 and a beta of 0.49. The company has a debt-to-equity ratio of 2.33, a current ratio of 3.11 and a quick ratio of 2.50.

Sunoco (NYSE:SUN) last issued its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.90). Sunoco had a net margin of 2.61% and a return on equity of 13.94%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period last year, the company earned ($0.26) EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts forecast that Sunoco will post 10.65 earnings per share for the current fiscal year.

About Sunoco

Sunoco LP (NYSE: SUN) is an independent master limited partnership that specializes in the distribution and marketing of transportation fuels and related products. The company operates through two primary segments: wholesale fuel distribution and retail marketing. In wholesale distribution, Sunoco supplies branded fuels to distributors, commercial customers and resellers across the United States. Its retail marketing arm operates a network of company‐owned and franchised Sunoco branded service stations and convenience stores, providing gasoline, diesel, ethanol blends and lubricants to consumers.

Sunoco’s product portfolio extends beyond traditional fuels to include biofuels, specialty chemicals and on‐road diesel treated to meet ultra‐low sulfur requirements.