Star Group Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
Star Group (NYSE:SGU) is set to pay a dividend of $0.16 per share on October 30, 2023, with an annualized dividend yield of 5.47%. The company has shown a steady increase in its dividend per share from $0.49 to $0.60 between 2019 and 2022. Additionally, Star Group's earnings per share have also risen from $0.04 to $0.42 during the same period. The company's dividend yield is mid-range compared to its industry peers, with Suburban Propane Partners (NYSE:SPH) having the highest annualized dividend yield at 7.65%.
October 30, 2023 | 3:05 pm
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POSITIVE IMPACT
Star Group's steady increase in dividends and earnings per share indicates a healthy financial status, which could attract income-seeking investors and potentially boost the stock price.
Investors are often attracted to companies that consistently increase their dividends and earnings per share, as it indicates a healthy financial status. This could lead to increased demand for the stock, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Suburban Propane Partners has the highest annualized dividend yield among Star Group's industry peers at 7.65%, which could make it more attractive to income-seeking investors.
A high annualized dividend yield can make a stock more attractive to income-seeking investors. As such, Suburban Propane Partners' high dividend yield could potentially increase demand for the stock and drive up its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50