Star Group, L.P. (NYSE:SGU - Get Free Report) declared a quarterly dividend on Monday, April 21st, investing.com reports. Shareholders of record on Monday, April 28th will be given a dividend of 0.185 per share by the pipeline company on Wednesday, May 7th. This represents a $0.74 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Monday, April 28th. This is a 7.2% increase from Star Group's previous quarterly dividend of $0.17.
Star Group has raised its dividend by an average of 6.7% per year over the last three years and has raised its dividend every year for the last 13 years.
Star Group Stock Up 0.6 %
Shares of NYSE:SGU traded up $0.07 during midday trading on Friday, hitting $12.67. The stock had a trading volume of 26,515 shares, compared to its average volume of 39,589. The company has a market cap of $437.96 million, a P/E ratio of 12.18 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The business's 50-day simple moving average is $13.00 and its 200-day simple moving average is $12.25. Star Group has a 12 month low of $9.64 and a 12 month high of $13.75.
Star Group (NYSE:SGU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.
Check Out Our Latest Stock Analysis on Star Group
Star Group Company Profile
(
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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.
Further Reading
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