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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders 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 yield of 6.64%. The ex-dividend date of this dividend is Tuesday, February 4th.

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

Suburban Propane Partners Price Performance

Suburban Propane Partners stock opened at $19.57 on Friday. Suburban Propane Partners has a 52-week low of $15.20 and a 52-week 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 stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 17.16 and a beta of 0.48. The stock’s 50 day moving average price is $18.44 and its two-hundred day moving average price is $18.23.

Insider Buying and Selling

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

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.