Suburban Propane Partners, L.P.(SPH) is having a Dividend Yield of 12.51% with the Annual cash Dividend per share of $3.55. The last quarter cash dividend per share pay out was $0.89. Suburban Propane Partners, L.P. has a 5 year average dividend yield of 8.99% and the stock has a Indicated annual dividend of $3.55. Suburban Propane Partners, L.P.(SPH) formally announced its most recent dividend on January 19, 2017 with a Dividend per share of $0.89. The new indicated annual dividend based on announced dividend per share is $3.55. The dividend yield based on the forward looking indicated annual dividend is 12.51%. Suburban Propane Partners, L.P.(SPH) has the most recent dividend payout ratio of 6.02 with a 5-year average payout ratio of 3.32. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 2.7. The 5 year historical dividend growth of Suburban Propane Partners, L.P.(SPH) is at the rate of 0.89% while the R-Squared dividend growth is 0.8. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Suburban Propane Partners, L.P. (NYSE:SPH) witnessed a decline in the market cap on Thursday as its shares dropped 2.11% or 0.6 points. After the session commenced at $28.38, the stock reached the higher end at $28.62 while it hit a low of $27.76. With the volume soaring to 535,894 shares, the last trade was called at $27.77. The company has a 52-week high of $37.1. The company has a market cap of $1,696 million and there are 61,057,973 shares in outstanding. The 52-week low of the share price is $23.1. Suburban Propane Partners, L.P. has lost 6.25% in the last five trading days and dropped 9.33% in the last 4 weeks. Suburban Propane Partners, L.P. is up 1.52% in the last 3-month period. Year-to-Date the stock performance stands at -4.96%.
Currently the company Insiders own 0.64% of Suburban Propane Partners, L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.42% . Institutional Investors own 29.05% of Suburban Propane Partners, L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -7.99%. Company has reported several Insider transactions to the SEC, on Dec 7, 2016, Sandra N Zwickel (Vice President,Human Resources) sold 2,000 shares at 29.21 per share price.On Nov 22, 2016, A Davin Dambrosio (Vice President & Treasurer) sold 5,500 shares at 31.00 per share price.On Nov 18, 2016, John D Collins (director) sold 5,696 shares at 29.33 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Suburban Propane Partners LP was Downgraded by Stifel on Feb 15, 2017 to Hold, Lowers Price Target to $ 29 from a previous price target of $34 .
Suburban Propane Partners LP Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.27. Analyst had a consensus of $0.83. The company had revenue of $317.30 million for the quarter, compared to analysts expectations of $371.50 million. The companys revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Suburban Propane Partners, L.P., a publicly traded Delaware limited partnership is engaged, through subsidiaries, in the retail and wholesale marketing of propane and related appliances and services. The Partnership believes it is the third largest retail marketer of propane in the United States, Suburban Propane Partners serves active residential, commercial, industrial and agricultural customers from customer service centers in over 40 states. The Partnerships operations are concentrated in the east and west coast regions of the United States.