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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Tuesday, November 4th will be given a dividend of 0.325 per share by the energy company on Tuesday, November 11th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, November 4th.

Suburban Propane Partners has a dividend payout ratio of 76.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Suburban Propane Partners Stock Up 0.2%

SPH opened at $19.00 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 12.84 and a beta of 0.32. The company has a quick ratio of 0.46, a current ratio of 0.70 and a debt-to-equity ratio of 1.90. Suburban Propane Partners has a 52 week low of $16.92 and a 52 week high of $22.24. The business’s fifty day simple moving average is $18.55 and its 200 day simple moving average is $18.86.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, August 7th. The energy company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Suburban Propane Partners had a net margin of 6.79% and a return on equity of 16.12%. The firm had revenue of $260.15 million during the quarter, compared to the consensus estimate of $270.00 million.

Hedge Funds Weigh In On Suburban Propane Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of Suburban Propane Partners by 275.5% during the first quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Suburban Propane Partners during the second quarter valued at approximately $36,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Suburban Propane Partners during the first quarter valued at approximately $49,000. Geneos Wealth Management Inc. increased its stake in shares of Suburban Propane Partners by 37.7% during the third quarter. Geneos Wealth Management Inc. now owns 3,650 shares of the energy company’s stock valued at $68,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of Suburban Propane Partners during the second quarter valued at approximately $103,000. Institutional investors own 30.94% 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.