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

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.325 per share by the energy company on Tuesday, May 14th. This represents a $1.30 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend is Monday, May 6th.

Suburban Propane Partners has decreased its dividend by an average of 10.3% annually over the last three years. Suburban Propane Partners has a dividend payout ratio of 52.0% indicating that its dividend is sufficiently covered by earnings.

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock traded down $0.16 during trading hours on Friday, hitting $19.69. 153,639 shares of the company's stock traded hands, compared to its average volume of 310,207. The company has a fifty day simple moving average of $20.29 and a 200-day simple moving average of $18.60. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.72 and a quick ratio of 0.52. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.48 and a beta of 0.43. Suburban Propane Partners has a 12-month low of $14.42 and a 12-month high of $22.33.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The energy company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $365.83 million during the quarter. Suburban Propane Partners had a net margin of 7.36% and a return on equity of 17.97%.

Insider Activity

In related news, SVP Neil Scanlon sold 26,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total value of $502,580.00. Following the completion of the transaction, the senior vice president now directly owns 162,129 shares of the company's stock, valued at approximately $3,133,953.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SPH. StockNews.com downgraded Suburban Propane Partners from a "buy" rating to a "hold" rating in a research note on Thursday, January 18th. Mizuho cut Suburban Propane Partners from a "neutral" rating to an "underperform" rating and upped their price target for the company from $16.00 to $17.00 in a research report on Monday, January 29th.

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.