SPH dividend – Suburban Propane Partners LP Declares 0.325 Cash Dividend
June 22, 2023
🌥️Dividends Yield
On May 25, 2023, Suburban Propane Partners ($NYSE:SPH) LP (SUBURBAN PROPANE PARTNERS) declared a 0.325 cash dividend for the upcoming year. This dividend marks the third consecutive year SUBURBAN PROPANE PARTNERS has paid out 1.3 USD per share as a yearly dividend, resulting in average dividend yields of 8.01%, 8.09%, and 8.1% from 2022 to 2023 respectively. For investors seeking dividend stocks, SUBURBAN PROPANE PARTNERS may be an attractive option.
Its ex-dividend date is May 1, 2023, meaning that shareholders who own the stock on or before that date will receive a dividend payment for the upcoming year. The dividend payout is expected to put SUBURBAN PROPANE PARTNERS in a strong position to continue providing steady income for its shareholders for years to come.
Price History
The stock opened at $14.9 and closed at the same price, decreasing by 0.7% from its last closing price of 15.0. The company also provides heating, ventilating, air conditioning, and related services throughout the United States. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SPH. More…
| Total Revenues | Net Income | Net Margin |
| 1.46k | 93.18 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SPH. More…
| Operations | Investing | Financing |
| 240.15 | -94.44 | -127.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SPH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.17k | 1.64k | 8.23 |
Key Ratios Snapshot
Some of the financial key ratios for SPH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.2% | 11.9% | 10.9% |
| FCF Margin | ROE | ROA |
| 13.4% | 19.1% | 4.6% |
Analysis
At GoodWhale, we analyze fundamentals of companies like SUBURBAN PROPANE PARTNERS so that investors can have a better understanding of their investments. According to our Risk Rating, SUBURBAN PROPANE PARTNERS is a low risk investment from both financial and business aspects. However, our system has detected two risk warnings in its income statement and balance sheet. These may not indicate any serious issues, but it is still important for investors to be aware of them. If you are interested in learning more, sign up for GoodWhale to see what risk warnings we have detected and to gain more insight into the company’s financials. More…
Peers
The company faces competition from other large propane companies such as Atmos Energy Corp, Spire Inc and Unimot SA, who all strive to provide competitively priced and efficient services to their respective customers.
– Atmos Energy Corp ($NYSE:ATO)
Atmos Energy Corp is an integrated natural gas company that provides natural gas distribution and related services to over three million residential, commercial, public authority, and industrial customers in eight states. As of 2023, Atmos Energy Corp had a market cap of 15.35 billion and a Return on Equity (ROE) of 6.44%. The market cap of a company is the total value of its outstanding shares of stock and is calculated by multiplying the number of outstanding shares by the current market price of the stock. Atmos Energy Corp’s market cap indicates that it is a large and stable company that has been able to generate consistent returns for its investors. The company’s ROE is a measure of how efficiently it is using its shareholders’ investments to generate profits. Atmos Energy Corp’s 6.44% ROE indicates that it is using its resources to generate a relatively stable and consistent return for its investors.
– Spire Inc ($NYSE:SR)
Spire Inc is a leading energy services company that operates natural gas infrastructure, utility services, and renewable energy solutions in the United States. With a market cap of 3.68B as of 2023, Spire Inc is well positioned to continue to capitalize on energy markets for the foreseeable future. Its Return on Equity (ROE) has also been strong at 8.82%, indicating that the company is generating a healthy return for shareholders. This healthy return has allowed the company to make strategic investments in new technologies and services that have kept it competitive in the ever-changing energy market.
– Unimot SA ($LTS:0ROK)
Unimot SA is a Polish fuel and energy company that operates in the retail fuel and energy sector. The company has a market capitalization of 746M as of 2023, which ranks it among the largest publicly-traded companies in Poland. Unimot SA has also maintained a strong Return on Equity (ROE) of 37.34%, a sign of the company’s strong financial performance. Unimot SA has been able to generate strong returns for its stockholders thanks to its successful business model and efficient management. The company is well-positioned to continue delivering growth in the years to come.
Summary
SUBURBAN PROPANE PARTNERS is an attractive option for investors looking for high dividend yields. Over the past three years, the company has consistently paid out a yearly dividend of 1.3 USD per share, resulting in average dividend yields of 8.01%, 8.09%, and 8.1% from 2022 to 2023 respectively. This dividend yield makes SUBURBAN PROPANE PARTNERS a highly sought-after investment, as it offers a competitive return on investment.
Furthermore, the company maintains a consistent payment history, providing investors with reliable income and growth potential. Given these attractive features, SUBURBAN PROPANE PARTNERS is an ideal choice for investors seeking long-term growth and income potential.
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