Star Gas Partners, L.P. (NYSE:SGU) declared a quarterly dividend on Friday, October 13th, Wall Street Journal reports. Investors of record on Monday, October 23rd will be paid a dividend of 0.11 per share by the pipeline company on Tuesday, October 31st. This represents a $0.44 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, October 20th.
Star Gas Partners, L.P. has increased its dividend by an average of 7.4% annually over the last three years.
Shares of Star Gas Partners, L.P. (NYSE SGU) traded up 0.45% during trading on Friday, reaching $11.11. The company had a trading volume of 34,529 shares. The stock’s 50-day moving average price is $10.95 and its 200-day moving average price is $10.34. Star Gas Partners, L.P. has a 52 week low of $9.00 and a 52 week high of $11.70. The company has a market capitalization of $620.90 million, a PE ratio of 25.14 and a beta of 0.29.
Star Gas Partners, L.P. (NYSE:SGU) last posted its quarterly earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). The company had revenue of $225.80 million during the quarter. Star Gas Partners, L.P. had a net margin of 1.96% and a return on equity of 7.90%. On average, equities analysts expect that Star Gas Partners, L.P. will post $0.55 EPS for the current fiscal year.
Separately, BidaskClub lowered Star Gas Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th.
About Star Gas Partners, L.P.
Star Gas Partners, L.P. is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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