Star Group, L.P. (NYSE:SGU) Announces $0.19 Quarterly Dividend

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, January 26th will be paid a dividend of 0.185 per share by the pipeline company on Wednesday, February 4th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Monday, January 26th.

Star Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years.

Star Group Trading Up 1.0%

Shares of NYSE SGU opened at $12.36 on Friday. Star Group has a twelve month low of $11.31 and a twelve month high of $13.75. The firm has a market cap of $407.63 million, a PE ratio of 8.35 and a beta of 0.35. The business has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $11.79. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.56.

Star Group (NYSE:SGU) last announced its quarterly earnings results on Monday, December 8th. The pipeline company reported ($0.84) EPS for the quarter. The firm had revenue of $247.69 million for the quarter. Star Group had a net margin of 4.12% and a return on equity of 22.68%. During the same quarter in the prior year, the company posted ($1.00) EPS.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Star Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Star Group Company Profile

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. It also sells gasoline and diesel fuel to approximately 26,600 customers.