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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Tuesday, February 4th will be paid a dividend of 0.325 per share by the energy company on Tuesday, February 11th. This represents a $1.30 annualized dividend and a yield of 6.78%.

Suburban Propane Partners has raised its dividend payment by an average of 1.3% per year over the last three years. Suburban Propane Partners has a payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $19.17 on Thursday. The business has a fifty day simple moving average of $18.36 and a 200-day simple moving average of $18.22. Suburban Propane Partners has a 52 week low of $15.20 and a 52 week high of $21.55. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21. The company has a market cap of $1.24 billion, a P/E ratio of 16.82 and a beta of 0.48.

Insider Buying and Selling

In other Suburban Propane Partners news, VP Craig Palleschi sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares in the company, valued at $388,032.56. This represents a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the sale, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. This trade represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.