Growing Earnings, Ensuring Investor Value: Suburban Propane Partners Adjusts Dividends with Consistent Growth

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By the end of today, February 13, 2024, Suburban Propane Partners SPH is set to deliver a dividend payout of $0.33 per share, equating to an annualized dividend yield of 7.02%. Shareholders who owned the stock prior to the ex-dividend date on February 05, 2024 will receive this payout.

Suburban Propane Partners Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2024-02-05 4 $0.33 7.02% 2024-01-25 2024-02-06 2024-02-13
2023-11-06 4 $0.33 7.71% 2023-10-26 2023-11-07 2023-11-14
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

When it comes to dividend yield, Suburban Propane Partners stands tall above its industry peers, boasting a remarkable annualized dividend yield of 6.25%.

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 2020 to 2023, the company experienced a reduction in its dividend per share, decreasing from $1.80 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.

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YoY Earnings Growth For Suburban Propane Partners

The earnings chart illustrates an increase in Suburban Propane Partners’s earnings per share, from $0.96 in 2020 to $1.92 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.

Recap

In this article, we delve into Suburban Propane Partners’s recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.33 per share today, resulting in an annualized dividend yield of 7.02%.

When it comes to dividend yield, Suburban Propane Partners stands tall above its industry peers, boasting a remarkable annualized dividend yield of 6.25%.

The declining dividend per share and rising earnings per share of Suburban Propane Partners from 2020 to 2023 indicate a deliberate decision to prioritize reinvestment of profits into the company’s operations over dividend payments.

Investors should closely follow the company’s performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.

To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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