Suburban Propane Partners, L.P. (NYSE:SPH) Declares $0.33 Quarterly Dividend

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Tuesday, February 4th will be given a dividend of 0.325 per share by the energy company on Tuesday, February 11th. This represents a $1.30 annualized dividend and a dividend yield of 6.77%.

Suburban Propane Partners has increased its dividend payment by an average of 1.3% per year over the last three years. Suburban Propane Partners has a dividend payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings.

Suburban Propane Partners Trading Up 0.5 %

NYSE:SPH opened at $19.20 on Friday. Suburban Propane Partners has a one year low of $15.20 and a one year high of $21.55. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51. The firm has a market cap of $1.24 billion, a P/E ratio of 16.84 and a beta of 0.48. The firm has a 50-day simple moving average of $18.36 and a 200-day simple moving average of $18.22.

Insider Activity

In other news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the transaction, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was a 7.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the completion of the transaction, the vice president now directly owns 21,898 shares in the company, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.