UGI Corp. (UGI) Raises Quarterly Dividend 1.5% to $0.33; 4.8% Yield

UGI Corp. (NYSE: UGI) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 1.5% increase from the prior dividend of $0.325.

The dividend will be payable on July 1, 2020, to stockholders of record on June 15, 2020, with an ex-dividend date of June 12, 2020.

The annual yield on the dividend is 4.8 percent.

“We are pleased to announce that UGI has increased its dividend for the 33rd consecutive year,” said John L. Walsh, President and Chief Executive Officer of UGI. “UGI has demonstrated an ability to practice sound balance sheet management in all market conditions. This discipline has enabled UGI to honor its commitment to shareholders during challenging economic conditions while still maintaining strong liquidity to fund its operations. Over the past five years, UGI’s dividend has a compound annual growth rate of 7.7%, well above our 4% commitment to shareholders.”

For a dividend history and other dividend-related data on UGI Corp. (UGI) click here.

You May Also Be Interested In

• Z Squared outlines AI power strategy and Paradox Data acquisition
• Realty Income closes $1B convertible notes offering
• First Industrial Realty (FR) Declares $0.50 Quarterly Dividend; 3.2% Yield