Star Group Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

Star Gas Partners, L.P. -0.18%
Suburban Propane Partners, L.P. +0.53%

Star Gas Partners, L.P.

SGU

10.99

-0.18%

Suburban Propane Partners, L.P.

SPH

20.78

+0.53%

Investors eagerly anticipate the dividend payout from Star Group (NYSE:SGU) on October 30, 2023. With a payout of $0.16 per share and an annualized dividend yield of 5.47%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on October 19, 2023

Star Group Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-10-19 4 $0.16 5.47% 2023-10-10 2023-10-20 2023-10-30
2023-07-21 4 $0.16 5.06% 2023-07-13 2023-07-24 2023-07-31
2023-04-21 4 $0.16 5.02% 2023-04-13 2023-04-24 2023-05-02
2023-01-20 4 $0.15 4.9% 2023-01-12 2023-01-23 2023-01-31
2022-10-28 4 $0.15 7.35% 2022-10-20 2022-10-31 2022-11-08
2022-07-22 4 $0.15 6.33% 2022-07-14 2022-07-25 2022-08-02
2022-04-22 4 $0.15 5.58% 2022-04-14 2022-04-25 2022-05-03
2022-01-21 4 $0.14 5.42% 2022-01-13 2022-01-24 2022-02-01
2021-10-29 4 $0.14 5.35% 2021-10-21 2021-11-01 2021-11-09
2021-07-23 4 $0.14 5.03% 2021-07-15 2021-07-26 2021-08-03
2021-04-30 4 $0.14 5.15% 2021-04-21 2021-05-03 2021-05-11
2021-01-22 4 $0.13 5.6% 2021-01-14 2021-01-25 2021-02-02

When comparing Star Group's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Suburban Propane Partners (NYSE:SPH) having the highest annualized dividend yield at 7.65%.

Analyzing Star Group 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

dividend chart graph

During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.49 to $0.60, reflecting the company's focus on providing greater returns to its shareholders.

YoY Earnings Growth For Star Group

earning chart graph

From 2019 to 2022, Star Group has demonstrated an upward trend in earnings, with earnings per share rising from $0.04 to $0.42. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.

Recap

In this article, we delve into Star Group's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.16 per share today, resulting in an annualized dividend yield of 5.47%.

When comparing Star Group's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Suburban Propane Partners having the highest annualized dividend yield at 7.65%.

With an increase in dividend per share and earnings per share from 2019 to 2022, Star Group demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.

Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.

[Track real-time stock fluctuations for Star Group on Benzinga.](https://www.benzinga.com/quote/Star Group (NYSE: SGU))

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

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