Star Group, L.P. (NYSE:SGU) Plans $0.17 Quarterly Dividend

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Monday, October 28th.

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

Star Group Stock Performance

SGU stock traded down $0.10 during midday trading on Friday, hitting $11.79. 17,102 shares of the company traded hands, compared to its average volume of 44,982. The business has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $11.11. The stock has a market capitalization of $408.64 million, a price-to-earnings ratio of 11.58 and a beta of 0.42. The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 0.37. Star Group has a twelve month low of $9.64 and a twelve month high of $14.76.

Star Group (NYSE:SGU) last announced its quarterly earnings data on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share (EPS) for the quarter. The company had revenue of $331.64 million during the quarter. Star Group had a return on equity of 17.25% and a net margin of 2.82%.

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.