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

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Friday, January 17th,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Monday, January 27th.

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

Star Group Stock Performance

SGU traded up $0.01 during trading hours on Friday, reaching $11.75. The company’s stock had a trading volume of 23,216 shares, compared to its average volume of 26,611. The company’s 50-day moving average is $11.81 and its 200-day moving average is $11.55. 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 firm has a market cap of $406.32 million, a PE ratio of 20.61 and a beta of 0.48. Star Group has a 52 week low of $9.64 and a 52 week high of $12.93.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Star Group from a “strong-buy” rating to a “buy” rating in a research note 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.