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

Suburban Propane Partners, L.P. (NYSE:SPH) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 6.78%.

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

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock opened at $19.17 on Thursday. The firm has a 50 day simple moving average of $18.36 and a 200 day simple moving average of $18.22. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. Suburban Propane Partners has a fifty-two week low of $15.20 and a fifty-two week high of $21.55. The firm has a market cap of $1.24 billion, a P/E ratio of 16.82 and a beta of 0.48.

Insider Transactions at Suburban Propane Partners

In other news, VP Craig Palleschi sold 2,800 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total transaction of $49,616.00. Following the transaction, the vice president now directly owns 21,898 shares in the company, valued at $388,032.56. The trade was a 11.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP A Davin Dambrosio sold 6,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares in the company, valued at approximately $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.

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.