Star Group, L.P. (NYSE:SGU) to Issue Dividend Increase - $0.19 Per Share

Star Group, L.P. (NYSE:SGU - Get Free Report) declared a quarterly dividend on Monday, April 21st, investing.com reports. Investors of record on Monday, April 28th will be paid a dividend of 0.185 per share by the pipeline company on Wednesday, May 7th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Monday, April 28th. This is a 7.2% increase from Star Group's previous quarterly dividend of $0.17.

Star Group has increased its dividend payment by an average of 6.7% annually over the last three years and has raised its dividend annually for the last 13 consecutive years.

Star Group Stock Up 0.4 %

SGU traded up $0.05 on Thursday, hitting $12.60. 40,825 shares of the company were exchanged, compared to its average volume of 39,641. The firm has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $12.24. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The company has a market cap of $435.54 million, a price-to-earnings ratio of 12.12 and a beta of 0.35. Star Group has a twelve month low of $9.64 and a twelve month high of $13.75.

Star Group (NYSE:SGU - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.79 EPS for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.

About Star Group

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.