Star Group, L.P. (SGU) to Issue Quarterly Dividend of $0.20 on November 4th

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, October 26th will be paid a dividend of $0.1975 per share by the pipeline company on Wednesday, November 4th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, October 26th.

Star Group has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 13 years.

Star Group Trading Up 0.7%

Shares of NYSE:SGU traded up $0.09 during mid-day trading on Friday, reaching $13.10. The stock had a trading volume of 9,768 shares, compared to its average volume of 21,329. The firm has a market cap of $429.78 million, a PE ratio of 7.00 and a beta of 0.31. The firm has a 50 day simple moving average of $12.79 and a two-hundred day simple moving average of $12.76. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. Star Group has a twelve month low of $11.39 and a twelve month high of $13.53.

Star Group (NYSE:SGU) last issued its quarterly earnings data on Wednesday, August 5th. The pipeline company reported ($0.84) earnings per share (EPS) for the quarter. Star Group had a net margin of 4.57% and a return on equity of 24.43%. The firm had revenue of $358.07 million for the quarter.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Star Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wall Street Zen lowered Star Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Star Group currently has a consensus rating of “Hold”.

About Star Group

Star Group, L.P. (NYSE: SGU) is a distributor of home heating and energy products serving residential and commercial customers in the northeastern United States. The company primarily provides heating oil and propane, along with related fuels such as gasoline and diesel.

Through its operating businesses and local service brands, Star Group also offers heating, ventilation and air-conditioning services, including equipment installation, maintenance and repairs. Its services are designed to support customers’ home comfort, fuel delivery and energy-management needs.

The company traces its history to the formation of Star Gas Partners in 1995 and has expanded through acquisitions and the development of its energy-delivery and home-services operations.