VALLEY FORGE, PA — UGI Corporation (NYSE: UGI), a renowned global distributor of energy products and services, has once again demonstrated its commitment to rewarding shareholders. The company’s Board of Directors recently declared a quarterly dividend of $0.375 per share on common stock, continuing an impressive streak that spans 139 consecutive years.
Shareholders of record as of March 15, 2024, will receive the dividend payout on April 1, 2024. This announcement continues UGI’s long-standing tradition of not only consistently paying dividends but also increasing them annually for the past 36 years.
UGI’s commitment to returning capital to shareholders doesn’t stop at common stock. The Board of Directors also declared a quarterly dividend of 0.125% per annum on the company’s convertible preferred stock. This dividend is payable in cash and will be distributed a month earlier than the common stock dividend, on March 1, 2024.
UGI’s commitment to its dividend policy reflects its confidence in its long-term growth strategy, which is focused on diversifying its portfolio and expanding its global footprint. It also underscores the company’s ability to generate stable and predictable earnings, a key factor in its ability to uphold its dividend tradition.
The announcement is likely to be well-received by investors who value the income stability that consistent dividend payouts provide. In a market environment rife with uncertainty, UGI’s reliable dividend payment track record offers a degree of predictability that can be appealing to income-focused investors.
As UGI Corporation continues to navigate the evolving energy landscape, its commitment to rewarding shareholders remains a steady constant. This latest dividend declaration reinforces the company’s position as a reliable performer in the energy sector and a worthy consideration for investors seeking consistent returns.
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