Star Group, L.P. (SGU) To Go Ex-Dividend on July 27th

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Monday, July 27th will be paid a dividend of 0.1975 per share by the pipeline company on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, July 27th.

Star Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years.

Star Group Price Performance

SGU stock opened at $13.03 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. Star Group has a 52-week low of $11.37 and a 52-week high of $13.53. The stock’s 50 day moving average is $12.80 and its two-hundred day moving average is $12.72. The company has a market capitalization of $427.77 million, a PE ratio of 5.84 and a beta of 0.33.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, May 6th. The pipeline company reported $2.66 earnings per share (EPS) for the quarter. The company had revenue of $766.72 million for the quarter. Star Group had a return on equity of 28.64% and a net margin of 5.31%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Star Group currently has an average rating of “Buy”.

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. It also sells gasoline and diesel fuel to approximately 26,600 customers.