Suburban Propane Partners, L.P. (SPH) to Distribute Quarterly Dividend of $0.33 on August 11th

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, August 4th will be given a dividend of 0.325 per share by the energy company on Tuesday, August 11th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Tuesday, August 4th.

Suburban Propane Partners has decreased its dividend payment by an average of 0.1%per year over the last three years. Suburban Propane Partners has a 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 fall. Equities research analysts expect Suburban Propane Partners to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 65.0%.

Suburban Propane Partners Stock Performance

Shares of SPH opened at $18.32 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 1.69. The firm’s fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $19.35. Suburban Propane Partners has a 12 month low of $16.53 and a 12 month high of $20.80. The stock has a market capitalization of $1.22 billion, a P/E ratio of 9.21 and a beta of 0.42.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, May 7th. The energy company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.32. Suburban Propane Partners had a return on equity of 19.45% and a net margin of 9.57%.The company had revenue of $551.21 million for the quarter, compared to the consensus estimate of $575.00 million. As a group, analysts predict that Suburban Propane Partners will post 2.05 EPS for the current year.

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.