Star Group, L.P. (NYSE:SGU) Announces Quarterly Dividend of $0.20

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, July 16th. Stockholders 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 dividend yield of 6.0%. The ex-dividend date is Monday, July 27th.

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

Star Group Stock Performance

NYSE SGU opened at $13.11 on Friday. The business has a fifty day moving average of $12.79 and a 200-day moving average of $12.68. Star Group has a fifty-two week low of $11.37 and a fifty-two week high of $13.53. The stock has a market cap of $430.24 million, a price-to-earnings ratio of 5.88 and a beta of 0.33. 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 (NYSE:SGU) last released its quarterly earnings results on Wednesday, May 6th. The pipeline company reported $2.66 earnings per share (EPS) for the quarter. Star Group had a net margin of 5.31% and a return on equity of 28.64%. The company had revenue of $766.72 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus 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.