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The ex-dividend date for Suburban Propane Partners is set for February 1, 2021. The company's current dividend payout sits at $0.3, equating to a dividend yield of 7.89% at current price levels.
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The company has floated a 2.7 million-strong issue of the units in an underwritten public offering at a price of $48.16 apiece. Additionally, SPP has Suburban Propane Partners to Float New Unit Issue
On December 1, 2002, Ferrellgas purchased the propane operations of ProAm, Inc., then the nation's 17th largest propane retailer, for $25.6 million and a $10 million deferred seller note. The regional company had 70,000 customers and 57 retail outlets in seven states, the largest concentration of these being in Georgia and Texas.
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AmeriGas was founded in 1959. In October 2008, it acquired the propane assets of Penn Fuel Propane for $32 million. [4]In January 2012, it acquired Heritage Propane from Energy Transfer Partners for approximately $1.46 billion in cash and $1.32 billion in common units and the assumption of debt.
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