Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.30 per Common Unit

Rhea-AI Summary

Suburban Propane Partners, L.P. (NYSE:SPH) has declared a quarterly distribution of $0.30 per Common Unit for the period ending December 26, 2020. This amount translates to an annualized rate of $1.20 per Common Unit. The distribution will be payable on February 9, 2021 to Common Unitholders of record by February 2, 2021. Suburban Propane serves roughly 1.0 million customers across 41 states from about 700 locations, providing propane, fuel oil, natural gas, and electricity.

Positive

• Quarterly distribution of $0.30 per Common Unit.
• Annualized distribution rate of $1.20 per Common Unit.
• Strong customer base serving approximately 1.0 million clients.

Negative

• None.

WHIPPANY, N.J., Jan. 21, 2021 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE:SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared a quarterly distribution of $0.30 per Common Unit for the three months ended December 26, 2020. This quarterly distribution rate equates to an annualized rate of $1.20 per Common Unit. The distribution is payable on February 9, 2021 to Common Unitholders of record as of February 2, 2021.

Nominees are hereby notified that there is a withholding requirement at the highest applicable effective tax rates for foreign partners from the cash distribution under Section 1446 of the Internal Revenue Code.

Suburban Propane Partners, L.P. is a publicly-traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban has been in the customer service business since 1928. The Partnership serves the energy needs of approximately 1.0 million residential, commercial, industrial and agricultural customers through approximately 700 locations in 41 states.

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SOURCE Suburban Propane Partners, L.P.

FAQ

What is the quarterly distribution for Suburban Propane Partners (SPH) as of January 2021?

Suburban Propane Partners declared a quarterly distribution of $0.30 per Common Unit.

When will Suburban Propane Partners (SPH) distribute the declared amount?

The distribution will be payable on February 9, 2021.

What is the annualized distribution rate for Suburban Propane Partners (SPH)?

The annualized distribution rate is $1.20 per Common Unit.

How many customers does Suburban Propane Partners (SPH) serve?

Suburban Propane serves approximately 1.0 million customers.

In how many states does Suburban Propane Partners (SPH) operate?

Suburban Propane operates in 41 states.