Benzinga | Jan 26, 2022 09:51AM EST

Sunday Is Your Last Chance To Buy Suburban Propane Partners Before The Dividend Payout

Sunday marks the last chance for investors to receive the next dividend payout from Suburban Propane Partners.

What's Happening

(NYSE:SPH) announced on Thursday that it would pay shareholders a quarterly dividend of $0.325 per share. On Monday, Suburban Propane Partners will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.325 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Monday. Shareholders who own SPH as of the end of Sunday's session are eligible to receive the $0.325 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 08, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Suburban Propane Partners's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.