Suburban Propane Stock To Go Ex-dividend Tomorrow (SPH)

NEW YORK ( TheStreet) -- The ex-dividend date for Suburban Propane Partners (NYSE: SPH) is tomorrow, April 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $44.10 as of 9:30 a.m. ET, the dividend yield is 7.8%.

The average volume for Suburban Propane has been 141,200 shares per day over the past 30 days. Suburban Propane has a market cap of $1.55 billion and is part of the utilities sector and utilities industry. Shares are down 8.5% year to date as of the close of trading on Wednesday.

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company has a P/E ratio of 16.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Suburban Propane as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Suburban Propane Ratings Report.

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