Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment. As of September 30, 2021, the company served approximately 422,200 full service residential and commercial home heating oil and propane customers and 71,100 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,700 customers. Kestrel Heat, LLC operates as the general partner of the company. The company was formerly known as Star Gas Partners, L.P. and changed its name to Star Group, L.P. in October 2017. Star Group, L.P. was incorporated in 1995 and is based in Stamford, Connecticut.
Star Group Dividend Announcement
• Star Group announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-11-06. Ex dividend date: 2024-10-28
• Star Group annual dividend for 2024 was $0.68
• Star Group annual dividend for 2023 was $0.64
• Star Group's trailing twelve-month (TTM) dividend yield is 7.81%
• Star Group's payout ratio for the trailing twelve months (TTM) is 67.18%
• Star Group's dividend growth over the last five years (2018-2023) was 6.71% year
• Star Group's dividend growth over the last ten years (2013-2023) was -20.68% year
Star Group Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-28 | $0.17 | quarterly | 2024-11-06 |
2024-07-29 | $0.17 | quarterly | 2024-08-07 |
2024-04-26 | $0.17 | quarterly | 2024-05-08 |
2024-01-19 | $0.16 | quarterly | 2024-01-31 |
2023-10-19 | $0.16 | quarterly | 2023-10-30 |
2023-07-21 | $0.16 | quarterly | 2023-07-31 |
2023-04-21 | $0.16 | quarterly | 2023-05-02 |
2023-01-20 | $0.15 | quarterly | 2023-01-31 |
2022-10-28 | $0.15 | quarterly | 2022-11-08 |
2022-07-22 | $0.15 | quarterly | 2022-08-02 |
2022-04-22 | $0.15 | quarterly | 2022-05-03 |
2022-01-21 | $0.14 | quarterly | 2022-02-01 |
2021-10-29 | $0.14 | quarterly | 2021-11-09 |
2021-07-23 | $0.14 | quarterly | 2021-08-03 |
2021-04-30 | $0.14 | quarterly | 2021-05-11 |
2021-01-22 | $0.13 | quarterly | 2021-02-02 |
2020-10-30 | $0.13 | quarterly | 2020-11-10 |
2020-07-24 | $0.13 | quarterly | 2020-08-04 |
2020-05-01 | $0.13 | quarterly | 2020-05-12 |
2020-01-24 | $0.12 | quarterly | 2020-02-04 |
2019-10-25 | $0.12 | quarterly | 2019-11-05 |
2019-07-26 | $0.12 | quarterly | 2019-08-06 |
2019-04-25 | $0.12 | quarterly | 2019-05-06 |
2019-01-25 | $0.12 | quarterly | 2019-02-05 |
2018-10-26 | $0.12 | quarterly | 2018-11-06 |
2018-07-27 | $0.12 | quarterly | 2018-08-07 |
2018-04-26 | $0.12 | quarterly | 2018-05-07 |
2018-01-26 | $0.11 | quarterly | 2018-02-06 |
2017-10-20 | $0.11 | quarterly | 2017-10-31 |
2017-07-27 | $0.11 | quarterly | 2017-08-08 |
2017-04-26 | $0.11 | quarterly | 2017-05-08 |
2017-01-26 | $0.10 | quarterly | 2017-02-07 |
2016-10-27 | $0.10 | quarterly | 2016-11-09 |
2016-07-28 | $0.10 | quarterly | 2016-08-09 |
2016-04-26 | $0.10 | quarterly | 2016-05-06 |
2016-01-28 | $0.10 | quarterly | 2016-02-05 |
2015-10-26 | $0.10 | quarterly | 2015-11-05 |
2015-07-28 | $0.10 | quarterly | 2015-08-07 |
2015-04-28 | $0.10 | quarterly | 2015-05-08 |
2015-01-28 | $0.09 | quarterly | 2015-02-10 |
2014-11-06 | $0.09 | quarterly | 2014-11-14 |
2014-07-29 | $0.09 | quarterly | 2014-08-08 |
2014-04-29 | $0.09 | quarterly | 2014-05-09 |
2014-01-28 | $0.08 | quarterly | 2014-02-07 |
2013-11-06 | $1.65 | quarterly | 2013-11-14 |
2013-08-01 | $1.65 | quarterly | 2013-08-13 |
2013-04-24 | $1.65 | quarterly | 2013-05-06 |
2013-01-24 | $1.54 | quarterly | 2013-02-05 |
Star Group Dividend per year
Star Group Dividend growth
Star Group Dividend Yield
Star Group current trailing twelve-month (TTM) dividend yield is 7.81%. Interested in purchasing Star Group stock? Use our calculator to estimate your expected dividend yield:
Star Group Financial Ratios
Star Group Dividend FAQ
Other factors to consider when evaluating Star Group as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Star Group's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Star Group publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Star Group distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Star Group are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Star Group sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Star Group distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Star Group declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Star Group's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Star Group's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.