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. Investors of record on Monday, January 27th will be given 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 dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, January 27th.

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

Star Group Stock Up 2.4 %

NYSE SGU opened at $11.83 on Friday. The stock has a 50 day moving average price of $11.78 and a 200-day moving average price of $11.59. Star Group has a one year low of $9.64 and a one year high of $12.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.64 and a current ratio of 0.75. The company has a market capitalization of $409.08 million, a P/E ratio of 20.75 and a beta of 0.48.

Star Group (NYSE:SGU) last released its quarterly earnings data on Wednesday, December 4th. The pipeline company reported ($1.00) EPS for the quarter. Star Group had a net margin of 1.99% and a return on equity of 12.01%.

Analysts Set New Price Targets

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

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.