Suburban Propane Partners LP (Suburban Propane Partners LP) Dividend Payout Ratio

: 0.86 (As of Dec. 2023)

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Suburban Propane Partners LP's dividend payout ratio for the months ended in Dec. 2023 was 0.86.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Suburban Propane Partners LP is 0.82, which seems too high.

The historical rank and industry rank for Suburban Propane Partners LP's Dividend Payout Ratio or its related term are showing as below:

SPH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.56 Med: 2.08 Max: 39.01
Current: 0.82

During the past 13 years, the highest Dividend Payout Ratio of Suburban Propane Partners LP was 39.01. The lowest was 0.56. And the median was 2.08.

SPH's Dividend Payout Ratio is ranked worse than
79.02% of 367 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs SPH: 0.82

As of today (2024-04-23), the Dividend Yield % of Suburban Propane Partners LP is 6.64%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Suburban Propane Partners LP was 20.80%. The lowest was 6.21%. And the median was 10.00%.

Suburban Propane Partners LP's Dividends per Share for the months ended in Dec. 2023 was $0.33.

During the past 3 years, the average Dividends Per Share Growth Rate was -14.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -14.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -11.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Suburban Propane Partners LP was 45.00% per year. The lowest was -20.10% per year. And the median was 1.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Suburban Propane Partners LP Dividend Payout Ratio Historical Data

The historical data trend for Suburban Propane Partners LP's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Suburban Propane Partners LP Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

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2.18

2.16

0.56

0.60

0.68

Suburban Propane Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.46	0.20	-	-	0.86

Competitive Comparison

For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Suburban Propane Partners LP Dividend Payout Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Suburban Propane Partners LP's Dividend Payout Ratio falls into.

Suburban Propane Partners LP Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Suburban Propane Partners LP's Dividend Payout Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	1.3	/	1.92
	=	0.68

Suburban Propane Partners LP's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.325	/	0.38
	=	0.86

Suburban Propane Partners LP (NYSE:SPH) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Suburban Propane Partners LP Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Suburban Propane Partners LP's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Suburban Propane Partners LP (Suburban Propane Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suburban Propane Partners LP (NYSE:SPH) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Route 10 West, P.O. Box 206, Whippany, NJ, USA, 07981

Website

https://www.suburbanpropane.com

Suburban Propane Partners LP distributes propane, fuel oil, and other refined fuels to customers in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. The company operates in three segments: Propane; Fuel Oil and Refined Fuels; and Natural Gas and Electricity. It generates maximum revenue from Propane segment.

Executives

Michael A Stivala	officer: Controller	C/O SUBURBAN PROPANE PARTNERS LP, P O BOX 206, WHIPPANY NJ 07981
Douglas Brinkworth	officer: Vice President, Product Supply	C/O SUBURBAN PROPANE PARTERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Nandini Sankara	officer: VP Mark. & Brand Strategy	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Samuel Hodges	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Brent Stubbs	officer: VP - Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Alejandro Centeno	officer: VP, Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Logan Harold R Jr	director
Rommel Oates	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Amy Adams	director	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Michael A Schueler	officer: Vice President-Product Supply	C/O SUBURBAN PROPANE, 240 ROUTE 10 WEST, WHIPPANY NJ 07981
Bryon L Koepke	officer: VP,Gen.Counsel & Secretary	240 ROUTE 10 WEST, WHIPPANY NJ 07981
Dee Arthur Tate	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Daniel W. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPANNY NJ 07981-0206
Gregory L. Boyd	officer: Vice President-Area Operations	240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206
Francesca Cleffi	officer: Vice President,Human Resources	C/O SUBURBAN PROPANE PARTNERS, L.P., 240 ROUTE 10 WEST, WHIPPANY NJ 07981-0206