Suburban Propane Partners, L.P.
SPHUtilities · Stock · quarterly payer
Forward Yield
7.17%
Annual Dividend
$1.30
Payout Ratio
66%
5-Yr Growth
-6.3%
Ex-Date
May 5, 2026
Frequency
Quarterly
Summary
As of July 2026, Suburban Propane Partners, L.P. (SPH) yields 7.17% ($1.30 per share annually), with a blended fair-value estimate of $17.72 — -2% downside, so it screens as fairly valued. Dividend safety grade: C (61/100).
Is SPH a good dividend stock?
Yes, with caveatsSuburban Propane Partners, L.P. (SPH) pays a quarterly dividend yielding 7.17% ($1.30/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2021
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 7.17%
- Payout Ratio
- 66%
- Annual Dividend
- $1.30
- 5-Yr Avg Growth
- -6.3%
- Ex-Dividend Date
- May 5, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.38
- Market Cap
- $1.2B
- P/E Ratio
- 9.2
- 5-Yr Total Return
- 19%
- 52-Week Range
- $16.53 – $20.80
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
SPH Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
+25%
5 Years
+19%
52-Week Range
$16.53 – $20.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SPH worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Suburban Propane Partners, L.P. is $17.72 per share, versus a market price of $18.12. That implies the stock is roughly fairly priced.
Fair Value
$17.72
Current Price
$18.12
Gap
-2%
Margin of Safety
-2%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.0% annual free-cash-flow growth. We model -2.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -2.9% stage-1 growth, 2.5% terminal growth, $1.96 EPS, $1.30 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SPH Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 5, 2026 | — | $0.3250 | regular |
| Feb 3, 2026 | — | $0.3250 | regular |
| Nov 4, 2025 | — | $0.3250 | regular |
| Aug 5, 2025 | — | $0.3250 | regular |
| May 6, 2025 | — | $0.3250 | regular |
| Feb 4, 2025 | — | $0.3250 | regular |
| Nov 5, 2024 | — | $0.3250 | regular |
| Aug 6, 2024 | — | $0.3250 | regular |
| May 6, 2024 | — | $0.3250 | regular |
| Feb 5, 2024 | — | $0.3250 | regular |
| Nov 6, 2023 | — | $0.3250 | regular |
| Jul 31, 2023 | — | $0.3250 | regular |
| May 1, 2023 | — | $0.3250 | regular |
| Jan 30, 2023 | — | $0.3250 | regular |
Income Calculator
At $1.30 / yr per share
