Star Group, L.P. Announces Quarterly Dividend of $0.17 (NYSE:SGU)

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Friday, January 17th,Wall Street Journal reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, February 5th. This represents a $0.69 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Monday, January 27th.

Star Group has increased its dividend payment 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 Up 0.1 %

Shares of NYSE:SGU traded up $0.01 during trading on Friday, reaching $11.75. 23,216 shares of the stock were exchanged, compared to its average volume of 26,611. The stock has a fifty day moving average of $11.81 and a two-hundred day moving average of $11.55. Star Group has a 1-year low of $9.64 and a 1-year high of $12.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.75 and a quick ratio of 0.64. The firm has a market cap of $406.32 million, a price-to-earnings ratio of 20.61 and a beta of 0.48.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Star Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

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.