Suburban Propane Partners (SPH) Raises Quarterly Dividend 8.3% to $0.325; 8.6% Yield

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Go back to Suburban Propane Partners (SPH) Raises Quarterly Dividend 8.3% to $0.325; 8.6% Yield

Suburban Propane Partners, L.P. Declares Increase in Annualized Distribution Rate to $1.30 per Common Unit

July 22, 2021 8:00 AM EDT

WHIPPANY, N.J., July 22, 2021 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), today announced that its Board of Supervisors declared an increase in the Partnership's quarterly distribution from $0.30 to $0.325 per Common Unit for the three months ended June 26, 2021. This quarterly distribution rate equates to an annualized rate of $1.30 per Common Unit, and represents an increase of $0.10 per Common Unit compared to the annualized rate from the previous quarter. The increased quarterly distribution is payable on August 10, 2021 to Common Unitholders of record as of August 3, 2021.

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