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

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Tuesday, February 4th will be given 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 6.77%.

Suburban Propane Partners has increased its dividend 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 Stock Performance

NYSE SPH traded up $0.10 during trading hours on Thursday, hitting $19.20. The company had a trading volume of 359,265 shares, compared to its average volume of 173,490. The business has a 50 day moving average of $18.36 and a 200-day moving average of $18.22. The company has a market cap of $1.24 billion, a PE ratio of 16.84 and a beta of 0.48. Suburban Propane Partners has a 1-year low of $15.20 and a 1-year high of $21.55. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51.

Insider Buying and Selling

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