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.

Stock market data. Photo by Jakub Zerdzicki on Pexels

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%.

While we acknowledge the risk and potential of SPH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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