Suburban Propane Partners LP Declares Quarterly Dividend, Payable on February 12, 2013
January 24, 2013 at 07:31 am EST
Share
Suburban Propane Partners LP announced that its Board of Supervisors declared the 29th increase in the Partnership's quarterly distribution from $0.8525 to $0.8750 per common unit for the three months ended December 29, 2012, or $3.50 per common unit on an annualized basis. The distribution is payable on February 12, 2013 to Common Unit holders of record as of February 5, 2013.
Suburban Propane Partners, L.P. is a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives. The Company's segments include propane, fuel oil and refined fuels, natural gas and electricity, and all other. The propane segment is engaged in the retail distribution of propane and renewable propane to residential, commercial, industrial, agricultural and government customers and, to a lesser extent, wholesale distribution to large industrial end users. The fuel oil and refined fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline. The natural gas and electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial customers in the deregulated energy markets of New York and Pennsylvania. The all other segment includes its service business.