VALLEY FORGE, Pa.--(BUSINESS WIRE)--The Board of Directors of UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.26 per share on the company’s common stock representing a 4% increase. The dividend is payable July 1, 2018 to shareholders of record as of June 15, 2018.
John Walsh, president and chief executive officer of UGI, said, “We are pleased to mark the 31st consecutive year of increasing UGI’s dividend. Returning a portion of the company’s earnings to its shareholders, while continuing to invest in growth opportunities, has been a tradition at UGI that has endured through multiple economic cycles and business conditions. This consistency is a testament to the strength and resilience of the company and represents a cornerstone of the value we seek to create for our investors.”
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 primarily in the Mid-Atlantic region as well as parts of Europe. 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.