Trailing Dividend / Share
$1.28
Suburban Propane Partners, L.P. (SPH) Dividend History
Income profile from 1996 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
7.8%
Payout Ratio
79.0%
Watch
Dividend Streak
0 years
SPH Dividend Income Check
Safety
79.0% payout ratio with watch safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 8.9% and trend is falling.
SPH Dividend Scorecard
Yield & Income
Dividend Yield7.8%
Trailing DPS$1.28
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout79.0%
Earnings SafetyWatch
FCF Payout76.6%
FCF SafetyStretched
Piotroski F-Score7/9
Growth
Growth Streak0 years
3Y CAGR0.0%
5Y CAGR-6.3%
Yield on Cost (5Y)8.9%
YOC Trendfalling
Total Returns
Buyback Yield0.0%
Total Shareholder Yield7.8%
1Y Total Return-5.7%
5Y Total Return53.0%
Div Contribution (5Y)43.1%
Estimated $10K growth (return + dividends):
5Y ago$15,29510Y ago$11,09320Y ago$22,174
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). SPH's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
SPH Income Growth Story
Dividend per share and yield on cost over time (31 years of payments)
SPH Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Suburban Propane Partners, L.P. distributes 79.0% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 76.6%, rated "Stretched".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
SPH does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.0% and 5-year CAGR of -6.3%.
Total Shareholder Returns
Beyond cash dividends, SPH returns capital through share repurchases. The combined picture: 7.8% dividend yield, 7.8% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.9% and is currently falling. The 5-year total return is 53.0%, with dividends contributing 43.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $11,093 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
SPH Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$6.50
Avg/Payment$0.3250
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 5, 2026Latest | $0.3250 | — | 6.70% | May 12, 2026 |
| Feb 3, 2026 | $0.3250 | — | 6.44% | Feb 10, 2026 |
| Nov 4, 2025 | $0.3250 | — | 7.23% | Nov 12, 2025 |
| Aug 5, 2025 | $0.3250 | — | 7.10% | Aug 12, 2025 |
| May 6, 2025 | $0.3250 | — | 6.50% | May 13, 2025 |
| Feb 4, 2025 | $0.3250 | — | 5.95% | Feb 11, 2025 |
| Nov 5, 2024 | $0.3250 | — | 7.06% | Nov 12, 2024 |
| Aug 6, 2024 | $0.3250 | — | 7.67% | Aug 13, 2024 |
SPH Dividend vs Peers
Comparable companies in the same industry
#1 yield in peer group
Div Yield
7.8%
#1 of 8
Safety
Watch
79.0% payout
Streak
0Y
-6.3% 5Y CAGR
Total Shareholder
7.8%
#2 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st SPHSuburban Propane Par… | $1.1B | 7.8% | 79.0% | 0 | Watch |
2nd  NGLNGL Energy Partners … | $2.0B | 5.6% | — | 0 | Unknown |
 TRGPTarga Resources Corp… | $55.5B | 1.5% | 44.4% | 4 | Sustainable |
3rd  UGIUGI Corporation | $7.3B | 4.3% | 47.5% | 0 | Sustainable |
 SWXSouthwest Gas Holdin… | $6.4B | 2.8% | 40.6% | 0 | Sustainable |
 NWNNorthwest Natural Ho… | $2.1B | 3.9% | 68.2% | 24 | Watch |
 SRSpire Inc. | $4.6B | 4.0% | 67.1% | 14 | Watch |
 OGSONE Gas, Inc. | $4.8B | 3.5% | 60.8% | 12 | Watch |
SPH Annual Dividend History (1994–2026)
33 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.65 | — | 2 | — | — | — | 4.5% |
| 2025 | $1.30 | 0.0% | 4 | $1.62 | 80.2% | 1.25x | 8.9% |
| 2024 | $1.30 | 0.0% | 4 | $1.14 | 114.0% | 0.88x | 8.9% |
| 2023 | $1.30 | 0.0% | 4 | $1.92 | 67.7% | 1.48x | 8.9% |
| 2022 | $1.30 | 4.0% | 4 | $2.18 | 59.6% | 1.68x | 8.9% |
| 2021 | $1.25 | -30.6% | 4 | $1.94 | 64.4% | 1.55x | 8.6% |
| 2020 | $1.80 | -25.0% | 4 | $0.97 | 185.6% | 0.54x | 12.3% |
| 2019 | $2.40 | 0.0% | 4 | $1.10 | 218.2% | 0.46x | 16.5% |
| 2018 | $2.40 | -26.4% | 4 | $1.24 | 193.5% | 0.52x | 16.5% |
| 2017 | $3.26 | -8.1% | 4 | $0.62 | 526.2% | 0.19x | 22.4% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
30+ years return with dividends reinvested.
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DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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SPH — Frequently Asked Questions
Quick answers to the most common questions about buying SPH stock.
How much dividend does SPH pay per share?
Suburban Propane Partners, L.P. (SPH) pays a trailing 12-month dividend of $1.28 per share, with a current dividend yield of +7.8%. Payments are made Semi-Annual.
When is SPH's next ex-dividend date?
SPH's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SPH typically pays dividends Semi-Annual.
Is SPH's dividend safe?
SPH's dividend safety is rated "Watch" based on an earnings payout ratio of +79.0% and FCF payout ratio of +76.6%. The dividend history does not yet show a prolonged growth streak.
How many years has SPH increased its dividend?
SPH has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is -6.3%.
How often does SPH pay dividends?
Suburban Propane Partners, L.P. pays dividends Semi-Annual. The trailing 12-month total is $1.28 per share. Dividend data on this page covers 30+ years from 1996 to 2026.
How much would $10,000 invested in SPH grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SPH five years ago would be worth approximately $15,295 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SPH's yield on cost for long-term holders?
SPH's yield on cost — the current dividend divided by the original purchase price — is +8.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +7.8% market yield, thanks to the lower original cost basis.