UGI Declares Increased Common Dividend Marking the 137th Year of Common Dividends and the 34th Consecutive Year of Annual Dividend Increases

Rhea-AI Summary

UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share, marking a 4.5% increase. This dividend is payable on July 1, 2021 to shareholders on record as of June 15, 2021. This announcement highlights UGI's 34th consecutive year of increasing dividends and its robust financial performance, boasting a 7.8% compound annual growth rate over the past five years. UGI has maintained a consistent dividend payment for 137 years and continues to demonstrate confidence in its earnings growth and cash flow.

Positive

• Quarterly dividend increased by 4.5% to $0.345 per share.
• UGI marks the 34th consecutive year of dividend increases.
• Company reported a compound annual growth rate of dividends at 7.8% over the past five years.

Negative

• None.

The Board of Directors of UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.345 per share of the company’s common stock, representing a 4.5% increase. The dividend is payable July 1, 2021 to shareholders of record as of June 15, 2021.

“We are pleased to mark the 34^th consecutive year of increasing UGI’s dividend,” said John L. Walsh, President and Chief Executive Officer of UGI. “UGI has a strong legacy of growing earnings and cash flow throughout different economic cycles and conditions, and consistently creating value for its shareholders. This consistency demonstrates the resiliency of our businesses and the confidence we have in our future outlook. Over the past five years, UGI’s dividend has a compound annual growth rate of 7.8%, well above our 4% commitment to shareholders.”

UGI has paid common dividends for 137 consecutive years and raised its dividend in each of the last 34 years.

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, 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 twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

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/20210505005963/en/

FAQ

What is the new dividend amount for UGI Corporation?

The new quarterly dividend amount for UGI Corporation is $0.345 per share.

When is the UGI Corporation dividend payable?

The UGI Corporation dividend is payable on July 1, 2021.

What is the record date for the UGI Corporation dividend?

The record date for the UGI Corporation dividend is June 15, 2021.

How many years has UGI Corporation increased its dividend?

UGI Corporation has increased its dividend for 34 consecutive years.

What is UGI Corporation's dividend growth rate?

UGI Corporation's dividend has a compound annual growth rate of 7.8% over the past five years.