Star Group, L.P. (NYSE:SGU) to Issue $0.17 Quarterly Dividend

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, February 5th. This represents a $0.69 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend is Monday, January 27th.

Star Group has increased its dividend by an average of 6.7% annually over the last three years and has raised its dividend every year for the last 12 years.

Star Group Stock Performance

SGU stock traded up $0.01 during midday trading on Friday, reaching $11.75. 23,216 shares of the company’s stock traded hands, compared to its average volume of 26,620. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71. Star Group has a 52-week low of $9.64 and a 52-week high of $12.93. The stock has a market cap of $406.32 million, a P/E ratio of 20.61 and a beta of 0.48. The stock’s 50-day moving average is $11.81 and its 200 day moving average is $11.55.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Star Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

About Star Group

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.