Susser Petroleum Partners LP Announces Quarterly Dividend of $0.52 (SUSP)
Susser Petroleum Partners (NASDAQ:SUSP) announced a quarterly dividend on Friday, August 8th, Stock Ratings Network reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.5197 per share on Friday, August 29th. This represents a $2.08 annualized dividend and a dividend yield of 4.05%.
On the ratings front, analysts at Benchmark Co. downgraded shares of Susser Petroleum Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. They now have a $47.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Susser Petroleum Partners currently has a consensus rating of “Buy” and a consensus target price of $39.63.
Shares of Susser Petroleum Partners (NASDAQ:SUSP) opened at 51.38 on Friday. Susser Petroleum Partners has a 1-year low of $28.64 and a 1-year high of $51.93. The stock’s 50-day moving average is $49.17 and its 200-day moving average is $41.43. The company has a market cap of $1.128 billion and a price-to-earnings ratio of 28.66.
Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (NASDAQ:SUSP) and third parties.
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