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

Star Group, L.P. (NYSE:SGU) declared a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Stockholders of record on Monday, October 28th will be given a dividend of 0.1725 per share by the pipeline company on Wednesday, November 6th. This represents a $0.69 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 12 consecutive years.

Star Group Price Performance

Shares of SGU stock opened at $11.73 on Friday. The stock’s 50-day moving average is $11.69 and its 200 day moving average is $11.16. Star Group has a 1-year low of $9.64 and a 1-year high of $14.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.74 and a quick ratio of 0.61. The company has a market cap of $413.25 million, a P/E ratio of 17.77 and a beta of 0.42.

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

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.