Star Group (NYSE: SGU) extends 14-year streak of dividend growth
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Star Group, L.P. declared a higher quarterly cash distribution for the fiscal second quarter ended March 31, 2026. The distribution was increased to $0.1975 per common unit from $0.1850, which adds up to $0.79 per unit annually, or $0.05 more than before. The company notes this is its 14th consecutive year of raising its dividend, highlighting a long-running pattern of returning cash to unitholders. The distribution has a record date of April 27, 2026 and will be paid on May 6, 2026.
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Insights
Star Group lifts its cash payout again, extending a long dividend growth streak.
Star Group raised its quarterly distribution to $0.1975 per unit from $0.1850, bringing the annual rate to $0.79. This continues a 14-year pattern of annual dividend increases, signaling a consistent focus on income for unitholders.
While no earnings figures are provided here, a higher recurring payout generally implies management’s confidence in ongoing cash generation. The stated streak of annual increases may appeal to investors who emphasize stable and rising cash distributions within the home energy distribution and services space.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
New quarterly distribution: $0.1975 per common unit
Prior quarterly distribution: $0.1850 per common unit
New annualized distribution: $0.79 per unit
+4 more
7 metrics
New quarterly distribution
$0.1975 per common unit
For three months ended March 31, 2026
Prior quarterly distribution
$0.1850 per common unit
Immediately preceding quarter
New annualized distribution
$0.79 per unit
Annual rate after increase
Annual increase amount
$0.05 per unit
Difference between new and prior annual rates
Dividend growth streak
14 years
Consecutive years of annual dividend increases
Record date
April 27, 2026
Eligibility date for increased distribution
Payment date
May 6, 2026
Scheduled distribution payment date
Key Terms
quarterly distribution, common unit, record date, payment date, +2 more
6 terms
quarterly distribution financial
"increased its quarterly distribution for the three months ended March 31, 2026"
common unit financial
"$0.1975 per common unit from $0.1850 per common unit"
A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.
record date financial
"Record date: April 27, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
payment date financial
"Payment date: May 6, 2026"
The payment date is the day when you actually receive money from a financial transaction, like getting your paycheck or the interest from a savings account. It matters because it tells you when the funds will be available to spend or use. Think of it as the day your paycheck hits your bank account, so you know when you can access the money.
forward-looking statements regulatory
"This news release includes “forward-looking statements” which represent the Company’s expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
greenhouse gases (GHG) emissions regulatory
"laws restricting greenhouse gases (“GHG”) emissions and federal, state and local environmental"
FAQ
What dividend change did Star Group (SGU) announce for Q2 2026?
Star Group increased its quarterly distribution to $0.1975 per common unit from $0.1850. This raises the annualized payout to $0.79 per unit, adding $0.05 per year and extending a 14-year streak of dividend increases.
When is the record date and payment date for Star Group (SGU) distribution?
The record date for Star Group’s increased quarterly distribution is April 27, 2026. Unitholders of record then are scheduled to receive payment on May 6, 2026, according to the company’s announcement in the Form 8-K filing and press release.
How long has Star Group (SGU) been increasing its dividend?
Star Group stated that this latest increase marks its 14th year of continuous annual dividend increases. That history suggests a long-term emphasis on returning cash to unitholders through steadily rising distributions, tied to its home heating and energy services business.
What is Star Group’s main business focus as described in the filing?
Star Group is a full-service provider of home heating products and services for residential and commercial customers. It sells heating oil, propane, diesel, gasoline, and related equipment, and believes it is the nation’s largest retail distributor of home heating oil by sales volume.
Where does Star Group (SGU) primarily operate its home heating business?
Star Group serves customers in northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Its operations include home heating oil and propane locations, along with related heating and air conditioning equipment sales and services for its broad customer base.