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

Key Points

• Star Group, L.P. declared a quarterly dividend of $0.19, with an annualized yield of 6.3%, payable on November 5th to investors of record as of October 27th.
• The company's current share price is $11.71, with a market capitalization of approximately $393.57 million and a P/E ratio of 8.87.
• Recent analyst ratings for Star Group indicate a consensus "Hold" rating, with some brokerages lowering their recommendations from "strong-buy" to "hold."

Star Group, L.P. (NYSE:SGU - Get Free Report) announced a quarterly dividend on Thursday, October 16th. Investors of record on Monday, October 27th will be paid a dividend of 0.185 per share by the pipeline company on Wednesday, November 5th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, October 27th.

Star Group Price Performance

Shares of NYSE:SGU opened at $11.71 on Friday. Star Group has a 12 month low of $10.84 and a 12 month high of $13.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.70 and a quick ratio of 0.57. The firm has a market capitalization of $393.57 million, a P/E ratio of 8.87 and a beta of 0.32. The company's fifty day moving average price is $11.68 and its 200 day moving average price is $12.00.

Star Group (NYSE:SGU - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The pipeline company reported ($0.48) earnings per share (EPS) for the quarter. Star Group had a return on equity of 21.24% and a net margin of 3.77%.The business had revenue of $305.62 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SGU. Weiss Ratings reissued a "hold (c)" rating on shares of Star Group in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Star Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Star Group has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.