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

Suburban Propane Partners, L.P. (NYSE:SPH) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 4th will be paid a dividend of 0.325 per share by the energy company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, August 4th.

Suburban Propane Partners has decreased its dividend payment by an average of 0.1%annually over the last three years. Suburban Propane Partners has a payout ratio of 76.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Suburban Propane Partners to earn $2.00 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 65.0%.

Suburban Propane Partners Stock Down 0.8%

NYSE:SPH opened at $18.32 on Friday. Suburban Propane Partners has a 1-year low of $16.53 and a 1-year high of $20.80. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.08 and a quick ratio of 0.82. The firm has a market capitalization of $1.22 billion, a P/E ratio of 9.21 and a beta of 0.42. The company’s fifty day moving average price is $18.47 and its 200-day moving average price is $19.35.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, May 7th. The energy company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.74 by $0.32. The firm had revenue of $551.21 million for the quarter, compared to analyst estimates of $575.00 million. Suburban Propane Partners had a return on equity of 19.45% and a net margin of 9.57%. As a group, equities research analysts anticipate that Suburban Propane Partners will post 2.05 EPS for the current year.

Suburban Propane Partners Company Profile

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.