- Suburban Propane Partners (SPH, Financial) announces a quarterly distribution of $0.325 per Common Unit for Q1 2025.
- The distribution yields an annualized rate of $1.30 per unit, translating to a 6.35% yield at the current unit price of $20.47.
- The distribution is payable on May 13, 2025, to unitholders of record as of May 6, 2025.
Suburban Propane Partners, L.P. (SPH) has declared a quarterly distribution of $0.325 per Common Unit for the quarter ended March 29, 2025. This distribution maintains the partnership’s policy and equates to an annualized rate of $1.30 per unit. At the current unit price of $20.47, this represents an approximate yield of 6.35%.
The distribution will be payable on May 13, 2025, to all Common Unitholders of record as of May 6, 2025. For investors, this consistent payout is especially appealing for those seeking stable cash flows from established operators in the essential services industry.
Operating as a master limited partnership (MLP), Suburban Propane offers unique tax advantages. However, it's noteworthy that 100% of the distribution is in excess of cumulative net income, which has tax implications particularly for foreign investors. These distributions are subject to federal income tax withholding at the highest applicable tax rate due to their connection with U.S. trade or business.
Headquartered in Whippany, New Jersey, Suburban Propane serves approximately 1 million customers through about 700 locations across 42 states. Their operations include propane distribution, renewable propane, and renewable natural gas (RNG), with a focus on incorporating renewable energy alternatives into their business model.
Suburban Propane’s nearly 100-year history reflects its commitment to excellence and sustainability, underscored by its core pillars: Suburban Commitment, SuburbanCares, and Go Green with Suburban Propane.
