Suburban Propane Increases Quarterly Distribution

By Bobby Samwell • Thursday, January 23 15:37 • Permanent Link

Suburban Propane Partners, L.P. has declared a quarterly distribution of $0.325 per Common Unit for the three months ended December 28, 2024. This equates to an annualized rate of $1.30 per Common Unit. The distribution is payable on February 11, 2025, to Common Unitholders of record as of February 4, 2025. The company is a nationwide distributor of propane, renewable propane, fuel oil, and related products and services, as well as a marketer of natural gas and electricity, servicing the energy needs of approximately 1 million customers through approximately 700 locations across 42 states.

For the previous period, the company had declared a quarterly distribution of $0.32 per Common Unit. This represents an increase of $0.005 per Common Unit, or approximately 1.56%, compared to the previous period. This increase reflects the company's continued commitment to delivering value to its investors.

The annualized rate of $1.30 per Common Unit also indicates a growth of $0.04 per Common Unit, or approximately 3.17%, from the previous period's annualized rate of $1.26. This growth in annualized distribution further underscores the company's dedication to providing returns to its investors.

Suburban Propane's ability to increase its quarterly distribution and annualized rate demonstrates its financial strength and performance, as well as its commitment to delivering value to its stakeholders. As a result of these announcements, the company's shares have moved 0.7% on the market, and are now trading at a price of $19.24. For the full picture, make sure to review Suburban Propane's 8-K report.

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