VALLEY FORGE, PA — UGI Corporation (NYSE: UGI), a leading distributor and marketer of energy products and related services, has made an announcement that investors will certainly welcome. The company’s Board of Directors recently declared a quarterly dividend, continuing a tradition that has been upheld for 139 consecutive years.
The announced dividend is $0.375 per share on the company’s common stock. This payout will be made to shareholders of record as of December 15, 2023, and the payment date is set for January 1, 2024. This latest dividend announcement underscores UGI’s long-term commitment to its shareholders. Notably, the company has not only paid dividends consistently for over a century but has also raised its dividend each year for the past 36 years.
In addition to the dividend on common stock, UGI’s Board of Directors also declared a quarterly dividend on the company’s convertible preferred stock. This dividend is set at 0.125% per annum and will be payable in cash. The payment date for this dividend is earlier than that of the common stock, scheduled for December 1, 2023.
These announcements are a testament to UGI Corporation’s strong financial performance and its commitment to providing shareholder value. Despite the challenging economic environment, the company continues to generate steady cash flows, enabling it to maintain its impressive track record of dividend payments.
With a current dividend yield of 6.92% and an annual dividend of $1.50, UGI Corporation offers an attractive investment proposition for income-focused investors. As the company continues to navigate the evolving market conditions, the Company states that it remains dedicated to delivering value to its shareholders through dividends and potential capital appreciation.
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