VALLEY FORGE, Pa.--(BUSINESS WIRE)--Directors of UGI Corporation (NYSE: UGI), a holding company with utility, propane distribution and energy services subsidiaries, approved an increase in the quarterly dividend of 5.3% to $0.25 per share on the company’s common stock. The dividend is payable July 1, 2017 to shareholders of record as of June 15, 2017.
John Walsh, president and chief executive officer of UGI, said, “We are pleased to mark the 30th consecutive year of increasing our dividend. This track record is a testament to the strength of UGI and its ability to grow consistently throughout various economic and business conditions. Returning cash to our shareholders remains a core component of the value we seek to create for our shareholders as both a growth and income investment.”
About UGI Corporation
UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI, through subsidiaries, is the sole General Partner and owns 26% of AmeriGas Partners, L.P. (NYSE:APU), the nation's largest retail propane distributor.
Comprehensive information about UGI Corporation is available on the Internet at http://www.ugicorp.com.