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

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Friday, April 25th, Wall Street Journal reports. Stockholders of record on Tuesday, May 6th will be paid a dividend of 0.325 per share by the energy company on Tuesday, May 13th. This represents a $1.30 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Tuesday, May 6th.

Suburban Propane Partners has increased its dividend by an average of 1.3% annually over the last three years. Suburban Propane Partners has a dividend 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 decline.

Suburban Propane Partners Trading Down 1.9 %

NYSE:SPH opened at $20.29 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.14 and a beta of 0.22. The stock’s 50 day moving average price is $20.61 and its 200 day moving average price is $19.53. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. Suburban Propane Partners has a 52 week low of $15.20 and a 52 week high of $22.24.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the business posted $0.38 EPS.

Insiders Place Their Bets

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now owns 159,355 shares in the company, valued at $3,266,777.50. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares in the company, valued at approximately $233,013.69. This represents a 41.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Suburban Propane Partners

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.