Star Group, L.P. (NYSE:SGU) to Issue Dividend Increase – $0.19 Per Share

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Monday, April 21st, investing.com reports. Shareholders of record on Monday, April 28th will be given a dividend of 0.185 per share by the pipeline company on Wednesday, May 7th. This represents a $0.74 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Monday, April 28th. This is a 7.2% increase from Star Group’s previous quarterly dividend of $0.17.

Star Group has raised its dividend by an average of 6.7% annually over the last three years and has raised its dividend annually for the last 12 consecutive years.

Star Group Stock Performance

Shares of NYSE SGU opened at $12.43 on Wednesday. The stock has a market capitalization of $429.67 million, a P/E ratio of 11.95 and a beta of 0.35. The business’s 50 day moving average is $13.03 and its two-hundred day moving average is $12.23. Star Group has a 1-year low of $9.64 and a 1-year high of $13.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

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.