VALLEY FORGE, Pa.--(BUSINESS WIRE)--Directors of AmeriGas Propane, Inc., general partner of AmeriGas Partners, L.P. (NYSE: APU), have declared a quarterly partnership distribution of $0.95 per limited partnership unit, payable May 18, 2017 to unitholders of record May 10, 2017.
The annualized distribution will increase to $3.80 per limited partnership unit from the current $3.76 per unit. Jerry Sheridan, president and chief executive officer of AmeriGas, said, “We are pleased to mark our 13th consecutive year of increasing our distribution. This track record reflects our commitment to grow the business and generate reliable and sustainable returns for our investors over the long term, while maintaining healthy distribution coverage and leverage levels.”
About AmeriGas Partners, L.P.
AmeriGas is the nation’s largest retail propane marketer, serving approximately two million customers in all 50 states from approximately 1,900 distribution locations. UGI Corporation, through subsidiaries, is the sole General Partner and owns 26% of the Partnership and the public owns the remaining 74%.
Comprehensive information about AmeriGas is available on the Internet at http://www.amerigas.com.
Nominees are hereby notified that they are responsible for withholding 35% of this distribution from foreign investors as required under Section 1446 of the Internal Revenue Code.