VALLEY FORGE, Pa.- UGI Corporation (NYSE: UGI), a diversified energy company, announced its quarterly dividend declaration of $0.375 per share on the Company’s common stock.The dividend will be distributed on January 1, 2024, to shareholders of record as of December 15, 2023.With this announcement, UGI proudly maintains its 139-year history of paying common dividends while also extending its impressive 36-year streak of consecutive dividend increases.
UGI has consistently demonstrated its commitment to rewarding shareholders through regular dividend payments.The Board of Directors believes in the Company’s continued growth and financial stability, contributing to this historical achievement.By announcing a dividend increase for the 36th consecutive year, UGI reaffirms its position as a dependable investment option for shareholders seeking a reliable income stream.
This dividend declaration comes as UGI enjoys a prosperous period of performance and expansion, delivering consistent value to shareholders.The Company’s robust business portfolio comprises three principal segments: AmeriGas Propane, UGI International, and UGI Utilities.This diversified approach has proven successful, ensuring stability across varying market conditions.
UGI’s commitment to dividend growth reflects its strong financial position and cash flow generation.The Company has strategically focused on optimizing its operations to drive profitable growth while maintaining a disciplined approach to capital allocation.By skillfully managing its assets, UGI has positioned itself to consistently enhance shareholder value.
The announcement of the dividend declaration also underscores UGI’s dedication to its convert holders, as the Board of Directors declared a quarterly dividend of 0.125% per annum, payable in cash, on the Company’s convert.This decision emphasizes UGI’s commitment to ensuring fair returns for all of its investors.
We are pleased to declare our common dividend for the 139th consecutive year.Our consistent dividend growth over 36 years exemplifies our commitment to our shareholders and our ability to deliver long-term value, said John Walsh, President and CEO of UGI Corporation.UGI continues to prioritize disciplined capital allocation, profitable growth, and strong cash flow generation.We remain confident in our ability to execute our strategic initiatives while delivering attractive returns to our investors.
UGI’s dividend announcement reinforces its position as a top-performing company with a strong track record.Investors can feel confident in the Company’s commitment to generating returns and providing stability through dividends.With its impressive history and solid financial standing, UGI remains an attractive option for income-focused investors seeking reliable and sustainable dividend growth.
In conclusion, UGI Corporation’s declaration of its 139th consecutive year of a common dividend payout represents a testament to its long-standing commitment to shareholders.Through consistent dividend increases for 36 years, UGI demonstrates its ability to drive financial growth and shareholder value.With a diversified business portfolio and a strategic focus on capital discipline, UGI continues to position itself as a reliable and attractive investment opportunity for income-minded investors.
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