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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.77%.

Suburban Propane Partners has raised its dividend payment by an average of 1.3% per year over the last three years. Suburban Propane Partners has a dividend payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings.

Suburban Propane Partners Stock Performance

Shares of NYSE:SPH opened at $19.20 on Friday. Suburban Propane Partners has a 52 week low of $15.20 and a 52 week high of $21.55. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21. The firm has a fifty day simple moving average of $18.36 and a two-hundred day simple moving average of $18.22. The stock has a market capitalization of $1.24 billion, a P/E ratio of 16.84 and a beta of 0.48.

Insider Buying and Selling

In related news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction dated 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 of the company’s stock, valued at approximately $388,032.56. This represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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.