On August 08, 2023, Suburban Propane Partners SPH will distribute a dividend payout of $0.33 per share, equating to an annualized dividend yield of 8.70%. Shareholders who owned the stock before the ex-dividend date on July 31, 2023 will receive this payout.
Suburban Propane Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-31 | 4 | $0.33 | 8.7% | 2023-07-20 | 2023-08-01 | 2023-08-08 |
| 2023-05-01 | 4 | $0.33 | 8.49% | 2023-04-20 | 2023-05-02 | 2023-05-09 |
| 2023-01-30 | 4 | $0.33 | 8.28% | 2023-01-19 | 2023-01-31 | 2023-02-07 |
| 2022-10-31 | 4 | $0.33 | 7.97% | 2022-10-20 | 2022-11-01 | 2022-11-08 |
| 2022-08-01 | 4 | $0.33 | 8.18% | 2022-07-21 | 2022-08-02 | 2022-08-09 |
| 2022-05-02 | 4 | $0.33 | 7.57% | 2022-04-21 | 2022-05-03 | 2022-05-10 |
| 2022-01-31 | 4 | $0.33 | 8.49% | 2022-01-20 | 2022-02-01 | 2022-02-08 |
| 2021-11-01 | 4 | $0.33 | 8.14% | 2021-10-21 | 2021-11-02 | 2021-11-09 |
| 2021-08-02 | 4 | $0.33 | 8.56% | 2021-07-22 | 2021-08-03 | 2021-08-10 |
| 2021-05-03 | 4 | $0.3 | 8.12% | 2021-04-22 | 2021-05-04 | 2021-05-11 |
| 2021-02-01 | 4 | $0.3 | 7.89% | 2021-01-21 | 2021-02-02 | 2021-02-09 |
| 2020-11-02 | 4 | $0.3 | 7.17% | 2020-10-22 | 2020-11-03 | 2020-11-10 |
With the highest dividend yield among its industry peers, Suburban Propane Partners outshines UGI UGI, who have an annualized dividend yield of 6.16%.
Analyzing Suburban Propane Partners Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company experienced a reduction in its dividend per share, decreasing from $2.40 to $1.30. This decline in dividends may raise concerns among investors and warrants further analysis to understand the factors contributing to this negative trend.
YoY Earnings Growth For Suburban Propane Partners
The earnings chart illustrates an increase in Suburban Propane Partners's earnings per share, from $1.10 in 2019 to $2.18 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article delves into the recent dividend payout of Suburban Propane Partners and its implications for shareholders. Presently, the company is distributing a dividend of $0.33 per share, leading to an annualized dividend yield of 8.70%.
With the highest dividend yield among its industry peers, Suburban Propane Partners outshines UGI, who have an annualized dividend yield of 6.16%.
Considering the decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, Suburban Propane Partners seems to be allocating more profits towards business expansion instead of dividend payments.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Suburban Propane Partners's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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