Suburban Propane Partners LP(NYSE:SPH) Declares Dividend of $0.8875.

Suburban Propane Partners LP (NYSE:SPH) had declared a cash dividend of $0.8875 on Jul 21, 2016. The shares will quote ex-dividend on Jul 29, 2016 and the record date has been fixed for Aug 2, 2016. On Jul 21, 2016 share price, the yield comes out to be 10.3408%. The dividend payable date has been fixed on Aug 9, 2016.

In a different note, On Jun 10, 2016, UBS said it Downgrades its rating on Suburban Propane Partners LP. The shares have been rated ‘Neutral’ by the firm. On May 20, 2016, Citigroup said it Downgrades its rating on Suburban Propane Partners LP. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Neutral’ by the firm.

Suburban Propane Partners LP (SPH) shares turned negative on Wednesdays trading session with the shares closing down -0.54 points or -1.55% at a volume of 2,24,526. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.6. The peak price level was also seen at $34.6 while the days lowest was $33.902. Finally the shares closed at $34.33. The 52-week high of the shares is $39.6928 while the 52-week low is $20.93. According to the latest information available, the market cap of the company is $2,086 M.

Suburban Propane Partners LP(SPH) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $404.14M. Analysts had an estimated revenue of $529.47M. Earnings per share were $1.51. Analysts had estimated an EPS of $2.33.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Harold R Jr Logan (director) sold 1,800 shares at $30.49 per share price.Also, On Dec 14, 2015, Matthew J Chanin (director) purchased 2,000 shares at $25.37 per share price.On Dec 4, 2015, Sandra N Zwickel (Vice President,Human Resources) sold 2,700 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Suburban Propane Partners L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane fuel oil and refined fuels as well as the marketing of natural gas and electricity in deregulated markets. The Company conducts its business through Suburban Propane L.P. which operates its propane business and assets (the Operating Partnership) and its direct and indirect subsidiaries. Its general partner and the general partner of its Operating Partnership is Suburban Energy Services Group LLC (the General Partner). Subsidiaries of the Operating Partnership include Suburban Sales and Service Inc. (the Service Company) which conducts a portion of the Partnership’s service work and appliance and parts businesses. It operates in three segments: Propane Fuel Oil and Refined Fuels and Natural Gas and Electricity.

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