Jim Cramer on Suburban Propane: "No, Propane Is Way Too Wild"

Suburban Propane Partners, L.P. (NYSE:SPH) is one of the stocks Jim Cramer was recently asked about. Calling it a “core dividend stock,” a caller sought Cramer’s take on it. In response, he said:

No, propane is way too wild. Rusty Braziel told me that a long time ago, from RBN… let’s not mess with propane. It’s just too inconsistent.

Suburban Propane Partners, L.P. (NYSE:SPH) distributes fuels including propane, fuel oil, and natural gas. Additionally, the company provides equipment services like heating system installation. On January 22, the company declared a quarterly dividend of $0.325 per share, payable by February 10, to the shareholders of record on February 3. The company has a yield of 6.45%.

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Disclosure: None. This article is originally published at Insider Monkey.