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Suburban Propane Partners LPSPH +0.27%57 Dividend Payout Ratio is 0.16 as of Mar. 2026, which is 89% below its 10-year median of 1.49. GuruFocus rates SPH with a GF Score™ of 57/100 and a GF Value™ of $18.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 376 Utilities - Regulated companies, Suburban Propane Partners LP ranks worse than 63.83% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Suburban Propane Partners LP's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.16.
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: 1.49 Max: 39.01
Current: 0.65
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 1.49.
SPH's Dividend Payout Ratio is ranked worse than 63.83% of 376
companies
in the Utilities - Regulated industry
Industry Median: 0.55
vs SPH: 0.65
During the past 13 years, the highest Trailing Annual Dividend Yield of Suburban Propane Partners LP was 20.80%. The lowest was 5.96%. And the median was 8.85%.
During the past 5 years, the average Dividends Per Share Growth Rate was -6.10% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -11.90% 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.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Suburban Propane Partners LP (NYSE:SPH) Dividend Payout Ratio Explanation
In dividends investing, Dividend 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
Suburban Propane Partners LP Dividend Payout Ratio Historical Data
* 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.
Suburban Propane Partners LP Dividend Payout Ratio Chart
SPH vs NWN, RGCO, OPAL: Dividend Payout Ratio 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 vs Utilities - Regulated Industry
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
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Suburban Propane Partners LP's Dividend Payout Ratio for the fiscal year that ended in Sep. 2025 is calculated as
* 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.
Suburban Propane Partners LP (SPH) has a Dividend Payout Ratio of 0.16 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Suburban Propane Partners LP and its competitors. This is 89% below median its historical median of 1.49. Over the past decade, Suburban Propane Partners LP's Dividend Payout Ratio has ranged from 0.56 to 39.01. According to the industry distribution chart, Suburban Propane Partners LP ranks #240 out of 376 companies in the Utilities - Regulated industry, placing it in the top 63.8%.
Is Suburban Propane Partners LP's Dividend Payout Ratio too high?
Suburban Propane Partners LP's current Dividend Payout Ratio of 0.16 is 89% below median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 39.01. The Utilities - Regulated industry median Dividend Payout Ratio is 0.55. Suburban Propane Partners LP's value of 0.16 is 70.9% below this industry median. Based on the distribution chart, Suburban Propane Partners LP ranks #240 out of 376 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Suburban Propane Partners LP has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's Dividend Payout Ratio compare to NWN and RGCO?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #240 out of 376 companies for Dividend Payout Ratio. This places Suburban Propane Partners LP in the lower half of its industry. The industry median Dividend Payout Ratio is 0.55. Suburban Propane Partners LP's value of 0.16 is 70.9% below this benchmark. Historically, Suburban Propane Partners LP's own Dividend Payout Ratio has ranged from 0.56 to 39.01 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 0.55, Suburban Propane Partners LP has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.55, based on 376 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Suburban Propane Partners LP's current Dividend Payout Ratio of 0.16 is 70.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current Dividend Payout Ratio is 0.16, which is 89% below median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.09, compared to a current price of $18.66 — trading 3.2% above its estimated fair value. The current Dividend Payout Ratio is 0.16, which is 89% below median its 10-year median of 1.49 and 70.9% below the Utilities - Regulated industry median of 0.55. Suburban Propane Partners LP's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Suburban Propane Partners LP (SPH), the current Dividend Payout Ratio is 0.16 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Suburban Propane Partners LP (SPH) Overvalued in 2026?
Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be overvalued.
The current stock price of $18.66 is trading 3.2% above its estimated GF Value™ of $18.09.
GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.
Key valuation signals for SPH:
Dividend Payout Ratio: 0.16 (89% below median its 10-year median of 1.49)
GF Value™: $18.09 vs. price of $18.66 (3.2% above fair value)
Industry Position: 70.9% below the Utilities - Regulated median (#240 of 376)
No single metric tells the full story. See the SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
57GF Score
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