AmeriGas Propane Increases Quarterly Distribution for the 11th Consecutive Year
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VALLEY FORGE, Pa.--(BUSINESS WIRE)-- Directors of AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), have declared a quarterly partnership distribution of $0.92 per limited partnership unit, payable May 18, 2015 to unitholders of record May 11, 2015.
The annualized distribution will increase to $3.68 per limited partnership unit from the current $3.52 per limited partnership unit, representing a 4.5% increase. Jerry Sheridan, chief executive officer of AmeriGas, said, “We are pleased to mark our 11th consecutive year of increasing our partnership distribution. Our ability to consistently generate value for our investors over the long run is clearly reflected in this steady track record of distribution growth.”
About AmeriGas Partners, L.P.
AmeriGas is the nation’s largest retail propane marketer, serving approximately two million customers in all 50 states from over 2,000 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership and the public owns the remaining 74%.
Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com.
Nominees are hereby notified that they are responsible for withholding 35% of this distribution from foreign investors as required under Section 1446 of the Internal Revenue Code.
AmeriGas Propane, Inc.
William Ruthrauff, 610-337-7000 ext. 6571
Shelly
Oates, 610-337-7000 ext. 3202
Source: AmeriGas Partners, L.P.
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