Star Group, L.P. (NYSE:SGU) Plans Quarterly Dividend of $0.17

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Friday, October 18th, Wall Street Journal reports. Stockholders of record on Monday, October 28th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, November 6th. This represents a $0.69 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Monday, October 28th.

Star Group has raised its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Star Group Price Performance

Star Group stock traded down $0.10 during midday trading on Friday, reaching $11.79. 17,102 shares of the company were exchanged, compared to its average volume of 44,982. The company has a market capitalization of $408.64 million, a price-to-earnings ratio of 11.70 and a beta of 0.42. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.74. The firm’s 50-day simple moving average is $11.63 and its 200-day simple moving average is $11.10. Star Group has a 1 year low of $9.64 and a 1 year high of $14.76.

Star Group (NYSE:SGU) last posted its quarterly earnings data on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share for the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%. The firm had revenue of $331.64 million during the quarter.

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.