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

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 paid 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 increased its dividend by an average of 6.7% annually over the last three years and has raised its dividend every year for the last 12 years.

Star Group Trading Up 0.1 %

SGU stock traded up $0.01 during midday trading on Friday, reaching $11.75. 23,216 shares of the company traded hands, compared to its average volume of 26,620. The firm has a market capitalization of $406.32 million, a price-to-earnings ratio of 20.61 and a beta of 0.48. The business has a 50 day moving average of $11.81 and a 200-day moving average of $11.55. Star Group has a 52-week low of $9.64 and a 52-week 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.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of 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.