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 $0.94 per limited partnership unit, payable May 18, 2016 to unitholders of record May 10, 2016.
The annualized distribution will increase to $3.76 per limited partnership unit from the current $3.68 per unit. Jerry Sheridan, chief executive officer of AmeriGas, said, “AmeriGas has achieved a long-term record of growth and we are pleased to mark the 12th consecutive year of increasing our partnership distribution. We believe this track record reflects AmeriGas’s commitment to create value for our investors over the long-term and aligns with our goal of generating reliable, sustainable returns to our investors while maintaining a solid balance sheet and healthy distribution coverage and leverage metrics.”
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 2,000 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.