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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Tuesday, May 7th will be given a dividend of 0.325 per share by the energy company on Tuesday, May 14th. This represents a $1.30 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Monday, May 6th.

Suburban Propane Partners has decreased its dividend payment by an average of 10.3% annually over the last three years. Suburban Propane Partners has a payout ratio of 52.0% indicating that its dividend is sufficiently covered by earnings.

Suburban Propane Partners Price Performance

Shares of SPH stock opened at $19.84 on Friday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.48 and a beta of 0.44. Suburban Propane Partners has a 12-month low of $14.42 and a 12-month high of $22.33. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a fifty day moving average of $20.23 and a 200-day moving average of $18.76.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, February 8th. The energy company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $365.83 million during the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%.

Insider Activity at Suburban Propane Partners

In related news, SVP Neil Scanlon sold 26,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total value of $502,580.00. Following the transaction, the senior vice president now directly owns 162,129 shares in the company, valued at $3,133,953.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPH. StockNews.com downgraded shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Mizuho downgraded Suburban Propane Partners from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Monday, January 29th.

About Suburban Propane Partners

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.