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

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Investors of record on Tuesday, August 5th will be paid a dividend of 0.325 per share by the energy company on Tuesday, August 12th. This represents a $1.30 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Tuesday, August 5th.

Suburban Propane Partners has a payout ratio of 76.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall.

Suburban Propane Partners Stock Performance

Shares of SPH stock traded down $0.05 during midday trading on Monday, hitting $18.53. 70,560 shares of the company were exchanged, compared to its average volume of 204,505. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.81 and a current ratio of 1.06. The firm has a market capitalization of $1.20 billion, a P/E ratio of 12.87 and a beta of 0.16. Suburban Propane Partners has a 52 week low of $15.20 and a 52 week high of $22.24. The firm's 50 day moving average price is $18.61 and its two-hundred day moving average price is $19.77.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.11). The firm had revenue of $587.66 million during the quarter, compared to analyst estimates of $548.00 million. Suburban Propane Partners had a net margin of 6.65% and a return on equity of 15.98%.

Insider Activity at Suburban Propane Partners

In other news, Director Harold R. Logan, Jr. sold 6,900 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $19.14, for a total value of $132,066.00. Following the completion of the transaction, the director directly owned 39,227 shares in the company, valued at approximately $750,804.78. The trade was a 14.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Suburban Propane Partners

A hedge fund recently raised its stake in Suburban Propane Partners stock. Goldman Sachs Group Inc. increased its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,370,534 shares of the energy company's stock after purchasing an additional 142,547 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.11% of Suburban Propane Partners worth $28,795,000 at the end of the most recent reporting period. 30.94% of the stock is owned by hedge funds and other institutional investors.

About Suburban Propane Partners

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.