UGI Declares Common Dividend

Rhea-AI Summary

The Board of Directors of UGI Corporation (NYSE: UGI) has declared a $0.36 quarterly dividend per share, payable on April 1, 2023, to shareholders on record as of March 15, 2023. UGI has consistently paid common dividends for 138 consecutive years and has raised its dividend for 35 consecutive years. Additionally, a quarterly dividend of 0.125% per annum on the Company’s convertible preferred stock will be paid in cash on March 1, 2023. UGI operates natural gas and electric utilities in Pennsylvania and West Virginia, and distributes energy products both domestically and internationally.

Positive

• Declared a quarterly dividend of $0.36 per share, reflecting commitment to returning value to shareholders.
• UGI has a long history of dividend payments, maintaining dividends for 138 consecutive years.
• Raised dividends for 35 consecutive years, indicating financial stability and management confidence.

Negative

• None.

VALLEY FORGE, Pa.--(BUSINESS WIRE)-- The Board of Directors of UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.36 per share of the Company’s common stock. The dividend is payable April 1, 2023 to shareholders of record as of March 15, 2023. UGI has paid common dividends for 138 consecutive years and raised its dividend in each of the last 35 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 March 1, 2023.

About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, and the Netherlands.

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/20230201005854/en/

INVESTOR RELATIONS

610-337-1000

Tameka Morris, ext. 6297

Arnab Mukherjee, ext. 7498

Source: UGI Corporation

FAQ

What is the dividend amount declared by UGI Corporation for 2023?

UGI Corporation declared a quarterly dividend of $0.36 per share for 2023.

When will UGI Corporation's dividend be payable?

The dividend will be payable on April 1, 2023, to shareholders of record as of March 15, 2023.

How long has UGI Corporation been paying dividends?

UGI Corporation has paid common dividends for 138 consecutive years.

How many years has UGI Corporation raised its dividend?

UGI Corporation has raised its dividend for 35 consecutive years.

What is the payment date for UGI Corporation's convertible preferred stock dividend?

The dividend on the convertible preferred stock is payable on March 1, 2023.