Suburban Propane Partners, L.P. (SPH) To Go Ex-Dividend on February 4th

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Tuesday, February 4th will be paid 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 6.14%. The ex-dividend date of this dividend is Tuesday, February 4th.

Suburban Propane Partners has raised its dividend by an average of 1.3% per year 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 Stock Performance

Shares of NYSE SPH opened at $21.19 on Friday. Suburban Propane Partners has a 12-month low of $15.20 and a 12-month high of $21.55. The company has a market cap of $1.37 billion, a PE ratio of 18.59 and a beta of 0.48. The stock has a 50 day simple moving average of $18.67 and a 200-day simple moving average of $18.28. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21.

Insider Transactions at Suburban Propane Partners

In other news, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the transaction, the vice president now directly owns 21,898 shares in the company, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was 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 $1,439,726.40. This represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

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.