SPH ex-dividend on 2/2 (1.8%)
Suburban Propane Partners, a propane distributor, will pay a regular quarterly dividend of $0.69 on February 13 to holders as of Friday, February 2. A solid energy partnership, with a captive customer base, few competitors, and far from the alleged price manipulations of BP. This said, the stock is at an all-time high, and the 10pct dividends amounts to more than its trailing-12-month free cash flow, so monitor carefully.
January 29th, 2007 at 8:32 am
Does holders as of Feb. 2nd mean the “record date” or ex-dividend date? I am getting a little confused about the verbiage when I read different sites. For example, on the press releases it mentions the date as of, let’s say, Feb. 2nd but it calls that date the “Shareholders on record”. I think this means you have to buy the stock two days before this date (the ex-dividend date), but I’m founding that everyone does it differently.
Can anyone point me in the right direction on this? I know the difference between the two, I just don’t understand the way it is explained..thanks.
January 29th, 2007 at 9:48 am
2/2 is the ex-dividend date. We usually do not post the record date. It is pretty much meaningless for most investors.