Star Group, L.P. to Issue Quarterly Dividend of $0.17 (NYSE:SGU)

Star Group, L.P. (NYSE:SGU - Get Free Report) declared a quarterly dividend on Friday, October 18th, Wall Street Journal reports. Investors of record on Monday, October 28th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, November 6th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Monday, October 28th.

Star Group has increased its dividend payment by an average of 7.0% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Star Group Trading Down 0.7 %

SGU stock traded down $0.08 during midday trading on Friday, reaching $11.81. 16,516 shares of the company traded hands, compared to its average volume of 44,982. The firm has a market capitalization of $409.33 million, a price-to-earnings ratio of 11.58 and a beta of 0.42. Star Group has a 52-week low of $9.64 and a 52-week high of $14.76. The business has a 50 day moving average of $11.64 and a 200-day moving average of $11.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.74.

Star Group (NYSE:SGU - Get Free Report) last released its earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share for the quarter. The company had revenue of $331.64 million for the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%.

Star Group Company Profile

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.