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

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.325 per share by the energy company on Tuesday, May 12th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, May 5th.

Suburban Propane Partners has decreased its dividend by an average of 0.1%per year over the last three years. Suburban Propane Partners has a payout ratio of 76.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Suburban Propane Partners to earn $1.80 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 72.2%.

Suburban Propane Partners Trading Up 2.4%

SPH traded up $0.47 during trading on Thursday, hitting $19.51. 78,948 shares of the company’s stock were exchanged, compared to its average volume of 128,041. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 2.11. Suburban Propane Partners has a 1 year low of $17.30 and a 1 year high of $20.80. The stock has a 50 day moving average price of $20.08 and a 200 day moving average price of $19.37. The firm has a market cap of $1.29 billion, a P/E ratio of 9.61 and a beta of 0.44.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.16. Suburban Propane Partners had a net margin of 9.30% and a return on equity of 19.94%. The company had revenue of $370.39 million during the quarter, compared to the consensus estimate of $392.00 million. As a group, analysts expect that Suburban Propane Partners will post 1.8 EPS for the current fiscal year.

Suburban Propane Partners Company Profile

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.