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

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.1725 per share by the pipeline company on Wednesday, February 5th. This represents a $0.69 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Monday, January 27th.

Star Group has raised its dividend by an average of 6.7% per year over the last three years and has increased its dividend annually for the last 12 consecutive years.

Star Group Trading Up 0.1 %

Shares of NYSE SGU opened at $11.75 on Friday. Star Group has a 1-year low of $9.64 and a 1-year high of $12.93. The company has a 50-day moving average of $11.81 and a two-hundred day moving average of $11.56. The company has a market cap of $406.32 million, a PE ratio of 20.61 and a beta of 0.48. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Star Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th.

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.