UGI Declares Common Dividend

Rhea-AI Summary

UGI Corporation declares quarterly dividend of $0.375 per share of common stock and 0.125% per annum on convertible preferred stock.

Positive

• UGI Corporation has declared a quarterly dividend of $0.375 per share of its common stock. This indicates the company's commitment to providing returns to its shareholders. The dividend is payable on October 1, 2023, which could positively impact the stock price as investors may find it attractive. UGI has a strong track record of paying common dividends for 139 consecutive years and increasing its dividend for the last 36 years, demonstrating its financial stability and commitment to shareholders.

Negative

• None.

VALLEY FORGE, Pa.--(BUSINESS WIRE)-- The Board of Directors of UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.375 per share of the Company’s common stock. The dividend is payable October 1, 2023, to shareholders of record as of September 15, 2023. UGI has paid common dividends for 139 consecutive years and raised its dividend in each of the last 36 years.

UGI’s Board of Directors also declared a quarterly dividend of 0.125% per annum, payable in cash, on the Company’s convertible preferred stock. The dividend is payable September 1, 2023.

About UGI

UGI Corporation (NYSE: UGI) is a distributor and marketer of energy products and services in the US and Europe. UGI offers safe, reliable, affordable, and sustainable energy solutions to customers through its subsidiaries, which provide natural gas transmission and distribution, electric generation and distribution, midstream services, propane distribution, renewable natural gas generation, distribution and marketing, and energy marketing services.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230802259954/en/

CONTACT INVESTOR RELATIONS

610-337-1000

Tameka Morris, ext. 6297

Arnab Mukherjee, ext. 7498

Source: UGI Corporation

FAQ

What is the dividend declared by UGI Corporation?

UGI Corporation has declared a quarterly dividend of $0.375 per share of its common stock.

When will the dividend be payable?

The dividend will be payable on October 1, 2023.

Does UGI Corporation have a history of paying dividends?

Yes, UGI Corporation has a strong track record of paying common dividends for 139 consecutive years and increasing its dividend for the last 36 years.

What could be the impact of the dividend declaration on the stock price?

The dividend declaration could have a positive impact on the stock price as investors may find it attractive.