Star Group, L.P. (NYSE:SGU) Announces $0.14 Quarterly Dividend

Star Group, L.P. (NYSE:SGU) announced a quarterly dividend on Friday, January 14th, Wall Street Journal reports. Shareholders of record on Monday, January 24th will be paid a dividend of 0.1425 per share by the pipeline company on Tuesday, February 1st. This represents a $0.57 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Friday, January 21st.

Star Group has raised its dividend payment by 21.1% over the last three years and has raised its dividend annually for the last 9 consecutive years.

Shares of SGU traded up $0.13 during mid-day trading on Friday, reaching $10.67. The stock had a trading volume of 45,537 shares, compared to its average volume of 62,714. The firm has a market cap of $411.98 million, a price-to-earnings ratio of 6.76 and a beta of 0.53. Star Group has a 12 month low of $9.45 and a 12 month high of $12.03. The business has a fifty day moving average of $10.63 and a 200 day moving average of $10.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.64.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its position in shares of Star Group by 13.1% in the second quarter. Morgan Stanley now owns 74,464 shares of the pipeline company’s stock worth $834,000 after purchasing an additional 8,638 shares during the period. Millennium Management LLC boosted its position in shares of Star Group by 146.6% in the second quarter. Millennium Management LLC now owns 46,341 shares of the pipeline company’s stock worth $519,000 after purchasing an additional 27,552 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Star Group in the second quarter worth approximately $192,000. Institutional investors and hedge funds own 34.50% of the company’s stock.

Star Group Company Profile

Star Group LP is a home heating oil and propane distributor and services provider, which engages providing heating related services to residential and commercial customers. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis. The company was founded on October 16, 1995 and is headquartered in Stamford, CT.

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Dividend History for Star Group (NYSE:SGU)

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