SmarterDividends
SPH

Suburban Propane Partners, L.P.

SPH

Utilities · Utilities - Regulated Gas · Stock · quarterly payer

$17.97

Undervalued · +36% Add to Portfolio

Forward Yield

7.79%

Annual Dividend

$1.40

Payout Ratio

67%

5-Yr Growth

-6.3%

Ex-Date

Nov 3, 2026

Frequency

Quarterly

Key facts about SPH's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Suburban Propane Partners, L.P. (SPH) has a forward dividend yield of 7.79%, based on an annual dividend of $1.40 per share and a share price of $17.97.
  • As of Oct 27, 2026, SPH's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • SPH last cut its regular dividend in 2021.
  • SPH's next ex-dividend date is Nov 3, 2026, with payment on Nov 10, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, SPH pays out 67% of its trailing 12-month earnings as dividends (its payout ratio).
  • SPH's dividend has shrunk at an average rate of 6.3% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for SPH is $24.45 per share, 36% above the $17.97 share price, so SPH screens as undervalued.
  • Suburban Propane Partners, L.P. (SPH) pays its dividend quarterly, 4 times a year.
  • Suburban Propane Partners, L.P. (SPH) has raised its regular dividend 32 times and cut it 3 times across the 120 payments on record since 1996. Its most recent change was a 8.3% increase to $0.325 per share, going ex-dividend on Aug 2, 2021. The last cut went ex-dividend on Aug 3, 2020.
Cite this page

SmarterDividends, "SPH Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/SPH

Summary

As of Oct 27, 2026, Suburban Propane Partners, L.P. (SPH) yields 7.79% ($1.40 a year per share) and has a dividend safety grade of C (60/100).

Is SPH a good dividend stock?

Yes, with caveats

Suburban Propane Partners, L.P. (SPH) pays a quarterly dividend yielding 7.79% ($1.40/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
    7.79%
    Payout Ratio
    67%
    Annual Dividend
    $1.40
    5-Yr Avg Growth
    -6.3%
    Ex-Dividend Date
    Nov 3, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.39
    Market Cap
    $1.2B
    P/E Ratio
    9.3
    5-Yr Total Return
    23%
    52-Week Range
    $16.25 – $20.80
    Dividend Safety
    C · 60/100
    Ever Cut?
    Yes (2021)

    SPH dividend raises and cuts

    Suburban Propane Partners, L.P. (SPH) has raised its regular dividend 32 times and cut it 3 times across the 120 payments on record since 1996. Its most recent change was a 8.3% increase to $0.325 per share, going ex-dividend on Aug 2, 2021. The last cut went ex-dividend on Aug 3, 2020.

    Ex-dateChangeOld → newMove
    Aug 2, 2021Raise$0.300 → $0.325+8.3%
    Aug 3, 2020Cut$0.600 → $0.300−50.0%
    Nov 6, 2017Cut$0.888 → $0.600−32.4%
    Jul 31, 2015Raise$0.887 → $0.888+0.1%
    May 1, 2015Raise$0.875 → $0.887+1.4%
    Feb 1, 2013Raise$0.853 → $0.875+2.6%
    Jan 28, 2011Raise$0.850 → $0.853+0.4%
    Oct 29, 2010Raise$0.845 → $0.850+0.6%
    Jul 30, 2010Raise$0.840 → $0.845+0.6%
    Apr 30, 2010Raise$0.835 → $0.840+0.6%
    Jan 29, 2010Raise$0.830 → $0.835+0.6%
    Oct 30, 2009Raise$0.825 → $0.830+0.6%
    Show all 35 changes since 1999
    Ex-dateChangeOld → newMove
    Jul 31, 2009Raise$0.815 → $0.825+1.2%
    May 1, 2009Raise$0.810 → $0.815+0.6%
    Jan 30, 2009Raise$0.805 → $0.810+0.6%
    Oct 30, 2008Raise$0.800 → $0.805+0.6%
    Aug 1, 2008Raise$0.775 → $0.800+3.2%
    May 2, 2008Raise$0.763 → $0.775+1.6%
    Feb 1, 2008Raise$0.750 → $0.763+1.7%
    Nov 2, 2007Raise$0.713 → $0.750+5.2%
    Aug 3, 2007Raise$0.700 → $0.713+1.9%
    May 4, 2007Raise$0.688 → $0.700+1.7%
    Feb 2, 2007Raise$0.663 → $0.688+3.8%
    Nov 3, 2006Raise$0.613 → $0.663+8.2%
    Jul 30, 2004Raise$0.600 → $0.613+2.2%
    Apr 30, 2004Raise$0.588 → $0.600+2.0%
    Aug 1, 2003Raise$0.575 → $0.588+2.3%
    Aug 2, 2002Raise$0.563 → $0.575+2.1%
    Nov 1, 2001Raise$0.550 → $0.563+2.4%
    May 3, 2001Raise$0.538 → $0.550+2.2%
    Nov 1, 2000Raise$0.525 → $0.538+2.5%
    Apr 26, 2000Raise$0.500 → $0.525+5.0%
    Jan 26, 2000Cut$0.513 → $0.500−2.5%
    Oct 27, 1999Raise$0.503 → $0.513+2.0%
    Jul 28, 1999Raise$0.500 → $0.503+0.6%
    Every SPH payment →Download every raise and cut (CSV)
    SPH ex-dividend date & scheduleNext ex-date Nov 3, 2026 · full ex-dividend historyView →SPH dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is SPH a good dividend stock?

    Yes, with caveats. Suburban Propane Partners, L.P. (SPH) pays a quarterly dividend yielding 7.79% ($1.40/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.

    Is SPH undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SPH's fair value is about $24.45 versus a $17.97 share price — so it looks undervalued (+36% vs. fair value).

    Is SPH's dividend safe?

    SPH has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

    What is SPH's fair value?

    Our blended fair-value estimate for SPH is about $24.45 per share, roughly 36% above the current $17.97 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is SPH a buy, hold, or sell?

    We don't issue formal ratings, but on the data SPH screens as "yes, with caveats" and undervalued. Suburban Propane Partners, L.P. (SPH) pays a quarterly dividend yielding 7.79% ($1.40/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. This is research for your own analysis, not investment advice.

    Will SPH cut its dividend?

    SPH earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does SPH pay a dividend?

    Yes. Suburban Propane Partners, L.P. pays a quarterly dividend of about $1.40 per share annually, a forward yield of roughly 7.79%.

    What is SPH's dividend yield?

    As of Oct 27, 2026, SPH's forward dividend yield is 7.79%, based on a $1.40 annual dividend and a $17.97 share price.

    What is SPH's dividend per share?

    As of Oct 27, 2026, SPH pays $1.40 per share per year, distributed on a quarterly basis.

    What is SPH's dividend payout ratio?

    As of Oct 27, 2026, SPH's payout ratio is 67% of trailing 12-month earnings — a moderate level that's generally sustainable.

    How many years has SPH grown its dividend?

    SPH does not currently have a long dividend-growth streak on record.

    When is the next SPH ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for SPH is Nov 3, 2026.

    Income Calculator

    At $1.40 / yr per share

    Per payment (quarterly)$35.00
    Annual$140.00
    Monthly avg$11.67

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