Star Group, L.P. has declared a quarterly distribution of $0.1725 per common unit for the three months ended September 30, 2024. This represents a decrease from the previous quarter's distribution of $0.1750 per common unit, marking a 1.43% decrease in the distribution.
The company specializes in the sale of home heating products and services to residential and commercial customers. It also sells and services heating and air conditioning equipment to its home heating oil and propane customers. Additionally, Star Group, L.P. provides diesel, gasoline, and home heating oil on a delivery-only basis.
Based on sales volume, the company believes it is the nation's largest retail distributor of home heating oil. The company serves customers primarily in the northern and eastern states within the northeast and mid-Atlantic U.S. regions.
It's important to note that the record date for this distribution is set for October 28, 2024, with a payment date of November 6, 2024. This information is available in the company's SEC filings and on its website. Following these announcements, the company's shares moved 0.4%, and are now trading at a price of $11.97. For the full picture, make sure to review Star's 8-K report.
