UGI Declares Increased Common Dividend Marking the 138th Year of Common Dividends and the 35th Consecutive Year of Annual Dividend Increases

Rhea-AI Summary

UGI Corporation (NYSE: UGI) has announced a quarterly dividend of $0.36 per share, marking a 4.3% increase. This dividend will be payable on July 1, 2022 to shareholders on record as of June 15, 2022. This increase represents the 35th year of consecutive dividend growth and reflects UGI's strong balance sheet and confidence in cash generation. Over the last decade, UGI’s dividend has achieved a compound annual growth rate of 7.2%, surpassing the company’s 4% commitment to its shareholders.

Positive

• Quarterly dividend increased by 4.3% to $0.36 per share.
• 35th consecutive year of dividend increases.
• Dividend growth reflects strong balance sheet and confidence in cash generation.
• Compound annual growth rate of 7.2% over the past 10 years.

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, representing a 4.3% increase. The dividend is payable July 1, 2022 to shareholders of record as of June 15, 2022.

Roger Perreault, President and Chief Executive Officer of UGI, said, “We are pleased to increase our common stock quarterly dividend, marking the 35th consecutive year of increases. This increase is reflective of our strong balance sheet and ongoing confidence in UGI’s cash generation capability. Over the past 10 years, UGI’s dividend has provided a compound annual growth rate of 7.2%, well above our 4% commitment to shareholders.”

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 June 1, 2022.

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, 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/20220504006180/en/

INVESTOR RELATIONS

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Source: UGI Corporation

FAQ

What is the updated dividend amount for UGI Corporation in 2022?

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

When is the UGI Corporation dividend payable?

The dividend is payable on July 1, 2022.

What date is the record date for UGI Corporation's dividend?

The record date for the dividend is June 15, 2022.

How long has UGI Corporation been increasing its dividend?

UGI Corporation has increased its dividend for 35 consecutive years.

What has been the average growth rate of UGI's dividend over the last decade?

UGI's dividend has achieved a compound annual growth rate of 7.2% over the past 10 years.