The current annual Distribution ( not a dividend ) is $3.41 ... about 8.5 % based on today's close. SPH is a Master Limited Partnership, so you are a partner rather than an owner. There are several tutorials available on MLP's .Also check out LRE, EPD, TCP, LINE,BBEP
Whatever you do, don`t get suckered into buying this Co. because of the distribution. I don`t understand how they have continued to pay this & now after recent purchase they say dist. will increase, this has been a dog for me. Propane prices are cheap & it don`t look like there`s any recovery in site. CLMT has been good for me.
The Distribution goes to 3.50 next payaday, and the yeild chnages w/ price but yahoo doesn't catch up fast so thats why the percent could be off. I agree don't get suckered in for the Distribution unless you understand MLPs. 6 % was a good yeild and the stock was 50+
now its evern better but we've seen 34-38 before.. Look at it as a bond..