Star Group, L.P. (NYSE:SGU – Get Free Report) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Shareholders of record on Monday, April 29th will be given a dividend of 0.1725 per share by the pipeline company on Wednesday, May 8th. This represents a $0.69 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Star Group’s previous quarterly dividend of $0.16.
Star Group has increased its dividend payment by an average of 7.0% annually over the last three years and has raised its dividend annually for the last 11 consecutive years.
Star Group Stock Performance
Star Group stock opened at $11.33 on Wednesday. The firm’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $11.50. The company has a current ratio of 0.76, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $403.01 million, a PE ratio of 21.79 and a beta of 0.48. Star Group has a 1-year low of $9.90 and a 1-year high of $15.22.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 13th.
View Our Latest Stock Report on SGU
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.
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