Star Group (SGU) Increases Quarterly Distribution to $0.1725

By Bobby Samwell • Thursday, January 16 15:21 • Permanent Link

Star Group, L.P. (NYSE: SGU) has declared a quarterly distribution of $0.1725 per common unit for the three months ending December 31, 2024. This represents a change from the previous quarter's distribution, which was $0.1650 per common unit.

The record date for this distribution is January 27, 2025, and the payment date is set for February 5, 2025.

Star Group, L.P. specializes in the sale of home heating products and services to residential and commercial customers. The company also sells and services heating and air conditioning equipment. In addition to home heating oil and propane, Star Group, L.P. also sells diesel, gasoline, and home heating oil on a delivery-only basis.

The company believes it is the nation's largest retail distributor of home heating oil based on sales volume and serves customers in the northern and eastern states within the Northeast and Mid-Atlantic U.S. regions.

The market has reacted to these announcements by moving the company's shares 3.1% to a price of $11.84. For the full picture, make sure to review Star's 8-K report.

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