Star Group Raises Quarterly Distribution to $0.1975, Marking 14th Year of Increases
Star Group, L.P. (NYSE: SGU), a home heating oil and propane distributor, increased its quarterly distribution to $0.1975 per unit from $0.1850, raising the annual payout to $0.79. The company has now increased its distribution for 14 consecutive years.
Star Group, L.P. (NYSE: SGU), a home heating oil and propane distributor serving residential and commercial customers in the Northeast and Mid-Atlantic regions, raised its quarterly distribution to $0.1975 per common unit from $0.1850, the company announced April 16. The increase of $0.0125 per quarter brings the annualized distribution to $0.79 per unit, up $0.05 from the prior year. Read more dividend announcements.
The increase extends Star Group's streak of annual distribution raises to 14 consecutive years, reflecting consistent returns to unitholders since the company began its pattern of annual increases in 2013.
| Dividend Details | Information |
|---|---|
| Amount | $0.1975 per unit |
| Previous Amount | $0.1850 per unit |
| Increase | 6.8% |
| Annualized Rate | $0.79 per unit |
| Record Date | April 27, 2026 |
| Payment Date | May 6, 2026 |
Star Group operates as a master limited partnership and describes itself as the nation's largest retail distributor of home heating oil based on sales volume. The company also sells propane, diesel, and gasoline, and provides heating and air conditioning equipment sales and service to customers across the northern and eastern states.
The quarterly distribution applies to the three months ended March 31, 2026.